Nassda (NASDAQ:NSDA)
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Nassda Comments on Litigation Developments
SANTA CLARA, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Nassda Corp.
(NASDAQ:NSDA) today commented on the rulings and orders recently issued in
California state court and by the United States Patent and Trademark Office
with respect to its litigation with Synopsys, Inc.
As Nassda reported on June 11, 2004, the discovery referee issued sanction
orders against Nassda and the individual defendants on a number of different
matters in a manner that was favorable to Synopsys. The orders are available
on the investor relations portion of Nassda's web site at
http://www.nassda.com/.
In early August 2004, Nassda filed a writ petition in the California Court of
Appeal, Sixth Appellate District in San Jose, seeking to overturn these orders.
In mid-October, the Court of Appeal requested Synopsys to file opposition to
the petition and provided Nassda with the opportunity to file a reply to
Synopsys' opposition. This request by the Court of Appeal does not provide any
assurance that the Court of Appeal will grant the petition or hear the case on
its merits and reverse the discovery referee's orders. The briefing the Court
of Appeal requested is expected to be filed by mid-December. The Court of
Appeal is expected to decide sometime after that whether to conduct further
proceedings on the petition.
In light of the proceedings before the Court of Appeal, on October 28, 2004,
the Superior Court of the State of California, County of Santa Clara, issued an
order which vacated the January 2005 trial date and stayed all trial
proceedings pending final determination of the writ proceedings. A new trial
date is not likely to be set until all appellate proceedings related to the
writ have been completed.
In addition, in August 2004, the United States Patent and Trademark Office
issued a final rejection of all the claims in the re-examination proceedings
relating to Synopsys' U.S. Patent No. 5,878,053 entitled "Hierarchical Power
Network Simulation and Analysis Tool For Reliability Testing of Deep Submicron
IC Designs" (the "'053 patent"). Synopsys has appealed the final rejection to
the U.S. Patent and Trademark Office Board of Patent Appeals and Interferences.
Synopsys had alleged that Nassda's products infringed the '053 patent. As
previously reported, the patent infringement litigation filed by Synopsys
against Nassda with the United States District Court of the Northern District
of California has been stayed pending the final outcome of the re-examination
of the '053 patent. With respect to the litigation against Nassda filed by
Synopsys relating to Synopsys U.S. Patent No. 6,249,898 entitled "Methods and
Systems for Reliability Analysis of CMOS VLSI Circuits Based on Stage
Partitioning and Node Activities" (the "898 Patent") in the United States
District Court for the Northern District of California, there has been no
material developments and trial is still set for April 2005.
"There have been many preliminary rulings in this case and we expect many more
to come," said Dr. Sang Wang, CEO of Nassda. "Some of the rulings are
favorable to us and others are not. We are pleased that the Court of Appeal
has requested briefing on our writ but we cannot assure our investors that the
Court of Appeal's review of our writ will have a favorable outcome for us. We
are also extremely pleased that the United States Patent and Trademark Office
has disallowed the '053 patent, and, unless Synopsys prevails on its appeal, we
anticipate that the case will be dismissed. We intend to continue to defend
ourselves vigorously in all of these cases."
About Nassda
Nassda Corporation is a leading provider of full-chip circuit verification
software for complex nanometer semiconductors. Headquartered in Santa Clara,
California, the company develops and markets simulation and analysis solutions
for advanced ICs, especially for analog, mixed signal, memory, system-on-chip
and high performance digital designs. Nassda's products enable first silicon
success, and improve product quality and production yield for its consumer,
communication, computer, and memory customers. The company has sales and
distribution offices throughout the world. For more information about Nassda,
please visit the company's website at http://www.nassda.com/.
Forward Looking Statements
This press release contains forward-looking statements regarding the outcome of
the litigation between Nassda and Synopsys that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are generally preceded by words that imply a future
state, such as "expects" or "anticipates," or that imply that a particular
future event or events will occur, such as "will," "remain," "may," or the
negative of these terms. Investors are cautioned that all forward-looking
statements in this release involve risks and uncertainty, including without
limitation, the outcome of pending and future motions and other court
proceedings, as well as the results of any trial or appeal. These risks,
uncertainties and other factors may cause the outcome of any motion, proceeding
or case to differ materially from those expressed or implied by the
forward-looking statements.
Forward-looking statements are only predictions and the actual events or
results may differ materially. Nassda cannot provide any assurance that its
future results will meet expectations. In addition, historical information
should not be considered a predictor of future performance. Neither Nassda nor
any other person assumes responsibility for the accuracy and completeness of
these forward-looking statements. Nassda disclaims any obligation to update
information contained in any forward-looking statement.
For additional information and considerations regarding the risks faced by
Nassda, see its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q,
as filed with the Securities and Exchange Commission.
NOTE: Nassda is a registered trademark of Nassda Corporation.
DATASOURCE: Nassda Corporation
CONTACT: Tammy Shu Hua Liu of Nassda Corporation, +1-408-988-9988, or
Web site: http://www.nassda.com/