Patent litigation jackpot: A university won a $1.5 billion suit against Marvell
LegalByTero Kuittinenon Apr 4, 2014 at 5:45 PM Email @teroterotero Share on TwitterShare on FacebookShare on Google PlusShare on LinkedIn
The smartphone industry is caught in a maelstrom of patent litigation, with Apple, Samsung, Nokia, Motorola and other major companies entangled in a complex matrix of lawsuits. But other parts of the tech world also have their woes. A federal court has just ordered Marvell to pay $1.5 billion to Carnegie Mellon University over two hard-disk patents. The judge in case slammed Marvell with “enhanced penalties” for deliberately infringing on Carnegie’s intellectual property.
This is a bit of a jackpot for Carnegie Mellon, which has an endowment of just $1.37 billion. The university has an illustrious information technology R&D history — it was one of the first six institutions to gain a .edu URL.
Marvell’s entire market cap is currently under $8.2 billion, so the size of the penalty is very meaningful for the company. Of course, the dispute is now heading to an appeals court, which is going to evaluate the merits and the size of the judgement.Tags:Marvell, Patents Previous ArticlePreviousThe Xbox One will soon add a key feature gamers have been clamoring for TrendingU.S. wireless carriers finally have something to fear: GoogleHTC One (M8) vs. Galaxy S5 vs. iPhone 5s: Guess which phone survives a 7-foot dropNew tech could put an end to overcrowded public Wi-Fi hotspotsVideo: The Xbox One has a big ace up its sleeve to help it win the console warThank you, Google, for being so ‘evil’The Xbox One will soon add a key feature gamers have been clamoring forRelated ArticlesThese are the 5 iOS features Apple claims Samsung stoleIs Nokia about to become a giant unstoppable patent troll?Apple awarded nearly $1 billion in huge court win, but judge won't ban Samsung phonesThe government is finally gearing up to squash patent trollsSamsung and Google strike patent deal – is there hope for peace with Apple?
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