U.S. Patent Office Denies Broadcom Petition for Inter Partes
Review of Key Invensas Patent
SAN JOSE, Calif.--(BUSINESS WIRE)--
Xperi Corporation (NASDAQ:XPER) ("Xperi" or the "Company") announced
today that the U.S. Patent Office Patent Trial and Appeal Board ("PTAB")
denied a petition for Inter Partes Review ("IPR") of U.S. Patent
No. 6,849,946 (the "‘946 Patent") filed by Broadcom Ltd., Broadcom
Corp., Avago Technologies Ltd., and Avago Technologies U.S., Inc.
(collectively, "Broadcom"). The patent is owned by the Company's
subsidiary, Invensas Corporation ("Invensas").
On October 18, 2016, Broadcom filed a petition seeking an IPR of claims
16-20 and 22 of the ‘946 Patent. In its ruling, the PTAB found that
Broadcom has not shown a reasonable likelihood of prevailing on its
challenges to any of these claims.
Xperi's senior vice president and general counsel, Paul Davis, praised
the decision. "We are very pleased with this ruling. We believe that the
vast majority of Broadcom's advanced semiconductor products use this
technology. We also believe that the patent has broad applicability to
other unlicensed semiconductor companies."
The ‘946 Patent is also at issue in legal proceedings that Invensas has
filed against certain Broadcom affiliates and customers in the U.S.
International Trade Commission ("ITC") and in the U.S. District Court
for the District of Delaware. Broadcom has raised the same arguments
rejected by the PTAB in the ITC proceedings. The accused products
include Broadcom's broadband, connectivity, infrastructure, and
networking products, such as processors for mobile devices, set-top
boxes, routers, gateways, data centers, and cloud computing. The ITC
proceedings are scheduled for trial March 27-31, 2017.
About Xperi Corporation
Xperi Corporation (Nasdaq:XPER) and its wholly owned subsidiaries, DTS,
FotoNation, Invensas and Tessera, are dedicated to creating innovative
technology solutions that enable extraordinary experiences for people
around the world. Xperi's solutions are licensed by hundreds of leading
global partners and have shipped in billions of products in areas
including premium audio, broadcast, computational imaging, computer
vision, mobile computing and communications, memory, data storage,
and 3D semiconductor interconnect and packaging. For more information,
please call +1 408-321-6000 or visit www.xperi.com.
Xperi, DTS, Invensas, FotoNation, Tessera and their respective logos
are trademarks or registered trademarks of affiliated companies of Xperi
Corporation in the United States and other countries. All other company,
brand and product names may be trademarks or registered trademarks of
their respective companies.
Safe Harbor Statement
This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks
and uncertainties that could cause actual results to differ
significantly from those projected, particularly with respect the IPR
proceeding and the applicability of the ‘946 patent to Broadcom and
other unlicensed semiconductor companies. Material factors that may
cause results to differ from the statements made include the plans or
operations relating to the businesses of the Company; market or industry
conditions; changes in patent laws, regulation or enforcement, or other
factors that might affect the Company's ability to protect or realize
the value of its intellectual property; the expiration of license
agreements and the cessation of related royalty income; the failure,
inability or refusal of licensees to pay royalties; initiation, delays,
setbacks or losses relating to the Company's intellectual property or
intellectual property litigations, or invalidation or limitation of key
patents; fluctuations in operating results due to the timing of new
license agreements and royalties, or due to legal costs; the risk of a
decline in demand for semiconductors and products utilizing our audio
and imaging technologies; failure by the industry to use technologies
covered by the Company's patents; the expiration of the Company's
patents; the Company's ability to successfully complete and integrate
acquisitions of businesses; the risk of loss of, or decreases in
production orders from, customers of acquired businesses; financial and
regulatory risks associated with the international nature of the
Company's businesses; failure of the Company's products to achieve
technological feasibility or profitability; failure to successfully
commercialize the Company's products; changes in demand for the products
of the Company's customers; limited opportunities to license
technologies due to high concentration in applicable markets for such
technologies; the impact of competing technologies on the demand for the
Company's technologies; failure to realize the anticipated benefits of
the Company's recent acquisition of DTS, Inc., including as a result of
integrating the business of DTS; pricing trends, including the Company's
ability to achieve economies of scale; the expected amount and timing of
cost savings and operating synergies; and other developments in the
markets that the Company operates, as well as management's response to
any of the aforementioned factors. You are cautioned not to place undue
reliance on the forward-looking statements, which speak only as of the
date of this release.
The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the Risk
Factors included in the Company's recent reports on Form 10-K and Form
10-Q and other documents of the Company on file with the Securities and
Exchange Commission (the "SEC"). The Company's SEC filings are available
publicly on the SEC's website at www.sec.gov.
Any forward-looking statements made or incorporated by reference herein
are qualified in their entirety by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by the Company will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects
on, the Company or its business or operations. Except to the extent
required by applicable law, the Company undertakes no obligation to
update publicly or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.
SOURCE: XPERI CORPORATION
XPER-G
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Xperi Corporation
Jordan Miller, +1 818-436-1082
jordan.miller@xperi.com
Source: Xperi Corporation
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