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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Broadcom Inc | NASDAQ:AVGO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
16.71 | 1.20% | 1,410.00 | 1,278.01 | 1,430.00 | 1,413.5844 | 1,392.0242 | 1,399.79 | 1,670,879 | 05:00:07 |
The court set the fine at €150,000, or in the alternative 15 days of imprisonment for members of Netflix’s board of directors, for each of the 47 days that Netflix had infringed in violation of the cease-and-desist order. Netflix may appeal the fine, and Broadcom will seek additional penalties for Netflix’s continuing violation of that order.
Under section 890 of the German Civil Procedure Code, penalties for violating the cease-and-desist order include the following for each act of infringement: (1) government fines of up to €250,000; and/or (2) up to six months’ imprisonment for members of the infringer’s board of directors for a total of up to two years’ imprisonment.
“This ruling once again acknowledges the importance of Broadcom’s patented technology to successful streaming platforms like Netflix,” said Mark Terrano, vice president and general manager of Broadcom’s Intellectual Property and Licensing Division. “Since 2018, Netflix and Broadcom have been engaged in a wide-ranging patent dispute in which Broadcom has accused Netflix of infringing numerous U.S., German, and Dutch patents through its provision of its video streaming service.”
About BroadcomBroadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom's category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.
Broadcom, the pulse logo, and Connecting everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.
Press Contact:Khanh LamCorporate Communicationspress.relations@broadcom.comTelephone: +1 408 433 8649
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