Weg Cory
08-19-2004, 05:26 PM
From Newswire:
U.S. Court of Appeals for the Federal Circuit Affirms District Court Ruling of Non-Infringement of Acacia's V-Chip Patent
August 11, 2004 4:21:00 PM ET
Acacia Research Corporation ACTG CBMX announced today that the United States Court of Appeals for the Federal Circuit has affirmed the U.S. District Court for the District of Connecticut ruling in September of 2002 that television manufacturers named in the Connecticut lawsuit do not infringe the Acacia Technologies group's V-chip patent.
As a result of the ruling, Acacia will recognize $1.5 million of V-chip related deferred revenues and $668,000 of V-chip related deferred costs in the third quarter of 2004. In addition, during the third quarter of 2004, Acacia will also record an impairment charge of $1.6 million associated with the write-down of goodwill related to the V-chip.
The ruling has no impact on the revenues that Acacia has previously recognized from licensees of the V-chip patent.
U.S. Court of Appeals for the Federal Circuit Affirms District Court Ruling of Non-Infringement of Acacia's V-Chip Patent
August 11, 2004 4:21:00 PM ET
Acacia Research Corporation ACTG CBMX announced today that the United States Court of Appeals for the Federal Circuit has affirmed the U.S. District Court for the District of Connecticut ruling in September of 2002 that television manufacturers named in the Connecticut lawsuit do not infringe the Acacia Technologies group's V-chip patent.
As a result of the ruling, Acacia will recognize $1.5 million of V-chip related deferred revenues and $668,000 of V-chip related deferred costs in the third quarter of 2004. In addition, during the third quarter of 2004, Acacia will also record an impairment charge of $1.6 million associated with the write-down of goodwill related to the V-chip.
The ruling has no impact on the revenues that Acacia has previously recognized from licensees of the V-chip patent.