Silicon Image (NASDAQ:SIMGE)
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Court Issues Final Order In Favor of Silicon Image and Holds Genesis In Contempt
SUNNYVALE, Calif., Dec. 23 /PRNewswire-FirstCall/ -- In a continuing line of
rulings against Genesis Microchip, Silicon Image announced today that the
Federal District Court in Richmond, Virginia, has issued a ruling holding
Genesis Microchip in civil contempt for violating the Court's protective order
and ordering Genesis to pay the reasonable attorneys' fees and costs associated
with the motion that resulted in the ruling. In addition, the Court issued a
final judgment order enforcing the terms of its opinion issued on July 15, 2003,
in the case between Silicon Image and Genesis Microchip, Inc. -- that the
Memorandum of Understanding (MOU) signed by Silicon Image and Genesis Microchip
on December 18, 2002, settled the patent lawsuit brought by Silicon Image
against Genesis. On July 15, 2003, the Court had ruled that Silicon Image's
interpretation of the MOU was correct and that Genesis must pay Silicon Image
the specified royalties on all its DVI and HDMI products.
Dr. David Lee, Silicon Image's chairman and CEO commented, "We are very pleased
that the Court has once again supported Silicon Image's position on the
interpretation of the MOU and upheld Silicon Image's intellectual property
rights. We hope that we can all finally put this process to rest, and that both
companies can fully direct their focus to supporting their customers'
requirements."
About Silicon Image
Headquartered in Sunnyvale, Calif., Silicon Image, Inc. designs, develops and
markets multi-gigabit semiconductor and system solutions for a variety of
communications applications demanding high-bandwidth capability. With its
proprietary Multi-layer Serial Link (MSL(TM)) architecture, Silicon Image is
well positioned for leadership in multiple mass markets including PCs, consumer
electronics and storage. Currently, Silicon Image leads the global PC/display
arena with its innovative digital interconnect technology, and is now emerging
as a leading player in the consumer electronics and storage markets by offering
robust, high bandwidth storage semiconductors and systems. For more information
on Silicon Image, visit http://www.siliconimage.com/.
This news release contains forward-looking information within the meaning of
federal securities regulations. These forward-looking statements include future
events in the litigation. These forward-looking statements involve risks and
uncertainties, including those described from time to time in Silicon Image's
filings with the Securities and Exchange Commission (SEC), that could cause the
actual results to differ materially from those anticipated by these
forward-looking statements. In particular, litigation involves risks and
uncertainties of duration, cost and outcome. Also see "Management's Discussion
and Analysis of Financial Condition and Results of Operations-Factors Affecting
Future Results" in the most recent Annual Report, Form 10-K or 10-Q filed by
Silicon Image with the SEC. Silicon Image assumes no obligation to update this
forward-looking information.
NOTE: Silicon Image, MSL and http://www.siliconimage.com/ are trademarks,
registered trademarks or service marks of Silicon Image, Inc in the United
States and other countries. All others are the property of their respective
owners.
DATASOURCE: Silicon Image, Inc.
CONTACT: Bob Gargus, Chief Financial Officer, Vice President, Finance
and Administration, of Silicon Image, Inc., +1-408-616-4114, or fax,
+1-408-830-9531
Web site: http://www.siliconimage.com/