Forgent Announces USPTO to Reexamine the '672 Patent
AUSTIN, TX -- (MARKET WIRE) -- 02/02/06 -- Forgent(TM) Networks (NASDAQ: FORG) along with its wholly owned subsidiary, Compression Labs, Inc. ("CLI"), today announced it has received an ex parte reexamination order from the United States Patent and Trademark Office ("USPTO") regarding Forgent's data compression technology embodied in U.S. Patent No. 4,698,672 (the '672 Patent).
"We began investigating the '672 Patent in 2001 and have spent more than three years enforcing our property rights. We have not found any convincing arguments of invalidity, including the recent claims, and as a result we are confident in the patent, and look forward to an efficient re-examination," said Richard Snyder, chairman and CEO of Forgent. "Forgent has deep technology roots and is committed to protecting and developing all of its assets and intellectual property to maximize shareholder value."
Forgent has pending litigation against approximately 30 companies for infringement of the '672 Patent in the United States District Court for the Northern District of California.
Since its inception more than three years ago, Forgent's intellectual property program has generated more than $105 million in revenues primarily from licensing the '672 Patent to more than 50 different companies in Asia, Europe and the United States. The '672 Patent relates to digital image compression used in digital still image devices that compress, store, manipulate, print or transmit digital still images such as digital cameras, personal digital assistants, cellular telephones, printers, scanners and certain software applications. The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation and Forgent Networks, Inc.
About Forgent
Forgent(TM) Networks (NASDAQ: FORG) develops and licenses intellectual property and provides scheduling software to a wide variety of customers. Forgent's intellectual property licensing program is related to communication technologies developed from a diverse and growing patent portfolio. Forgent's software division, NetSimplicity provides a spectrum of scheduling software that enables all sizes of organizations to streamline the scheduling of people, places and things. For additional information please visit www.forgent.com.
Investor contact: Michael Noonan 512.437.2476 Email Contact
Media contact: Lee Higgins 512.794-8600 Email Contact
[ March 03, 2006, 10:27: Message edited by: Bob Frey ]
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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I saw it start to go up last Thursday in what I can think is a win in their lawsuit against Microsoft. The news got delayed and it tanked to 2.7. I can only assume that the rumor mill about the case being released (indicating a FORG win against MS) to the public drove it back to 3.20's last week. Well, it got released and we all found out the patent is being reviewed... Tanked big time!!!
But I think this is good news. This means that the only way for FORG to lose the lawsuit is if the patent is no good. But I am inclined to think it is A/OK.
Buy up...
-------------------- Pax, Stephen
Roses are red: violets are blue: I'm schizophrenic, and so am I... ;-) Posts: 29 | From: Dayton, OH | Registered: Jan 2006
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posted
Forgent Announces Patent License Agreement With Orion Electric Co., Ltd Tuesday February 7, 10:00 am ET
Japanese Company Enters Into License Agreement
AUSTIN, TX--(MARKET WIRE)--Feb 7, 2006 -- Forgent™ Networks (NasdaqNM:FORG - News) along with its wholly owned subsidiary, Compression Labs, Inc. ("CLI"), today announced that it has concluded a Patent License Agreement ("Agreement") with Orion Electric Co., Ltd. covering Forgent's data compression technology embodied in U.S. Patent No. 4,698,672 (the '672 Patent). Orion is involved in the planning, development, design, production, and sales of audiovisual and information technology products. Other terms of the Agreement were not disclosed.
Forgent has pending litigation against approximately 30 companies for infringement of the '672 Patent in the United States District Court for the Northern District of California. Following the filing of the litigation, eleven companies that were defendants have entered into license agreements.
Since its inception more than three years ago, Forgent's intellectual property program has generated more than $105 million in revenues primarily from licensing the '672 Patent to more than 50 different companies in Asia, Europe and the United States. The '672 Patent relates to digital image compression used in digital still image devices that compress, store, manipulate, print or transmit digital still images such as digital cameras, personal digital assistants, cellular telephones, printers, scanners, and certain software applications. The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation, and Forgent Networks, Inc.
About Forgent
Forgent™ Networks (NasdaqNM:FORG - News) develops and licenses intellectual property and provides scheduling software to a wide variety of customers. Forgent's intellectual property licensing program is related to communication technologies developed from a diverse and growing patent portfolio. Forgent's software division, NetSimplicity provides a spectrum of scheduling software that enables all sizes of organizations to streamline the scheduling of people, places and things. For additional information please visit www.forgent.com.
Contact: Investor contact: Michael Noonan 512.437.2476 Email Contact
Media contact: Lee Higgins 512.794.8600 Email Contact
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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posted
Forgent Announces Patent License Agreement With Riverdeep, Inc.
By Market Wire Last Update: 2/8/2006 12:17:08 PM Data provided by
AUSTIN, TX, Feb 08, 2006 (MARKET WIRE via COMTEX) -- Forgent(TM) Networks (FORG), along with its wholly owned subsidiary Compression Labs, Inc. ("CLI"), today announced it has concluded a Patent License Agreement ("Agreement") with Riverdeep, Inc. covering Forgent's data compression technology embodied in U.S. Patent No. 4,698,672 (the '672 Patent), and will be dismissed from the '672 Patent litigation. Riverdeep is the fastest growing education and consumer software company in the United States. Other terms of the Agreement were not disclosed.
Forgent has pending litigation against approximately 30 companies for infringement of the '672 Patent in the United States District Court for the Northern District of California. Following the filing of the litigation, twelve companies that were defendants have entered into license agreements.
Since its inception more than three years ago, Forgent's intellectual property program has generated more than $105 million in revenues primarily from licensing the '672 Patent to more than 50 different companies in Asia, Europe and the United States. The '672 Patent relates to digital image compression used in digital still image devices that compress, store, manipulate, print or transmit digital still images such as digital cameras, personal digital assistants, cellular telephones, printers, scanners and certain software applications. The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation and Forgent Networks, Inc.
About Forgent
Forgent(TM) Networks (FORG) develops and licenses intellectual property and provides scheduling software to a wide variety of customers. Forgent's intellectual property licensing program is related to communication technologies developed from a diverse and growing patent portfolio. Forgent's software division, NetSimplicity provides a spectrum of scheduling software that enables all sizes of organizations to streamline the scheduling of people, places and things. For additional information please visit www.forgent.com.
SOURCE: Forgent Networks
-------------------- Its all good. Posts: 85 | From: VA | Registered: Jan 2006
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posted
Forgent Announces Dismissal of Xerox Corporation from Lawsuit Monday April 3, 9:00 am ET
AUSTIN, TX--(MARKET WIRE)--Apr 3, 2006 -- Forgent(TM) Networks (NasdaqNM:FORG - News) along with its wholly owned subsidiary, Compression Labs, Inc. ("CLI"), today announced it has dismissed Xerox Corporation (NYSE:XRX - News) from the U.S. Patent No. 4,698,672 (the '672 Patent) lawsuit on mutually agreeable, confidential terms.
Forgent has pending litigation against approximately 30 companies for infringement of the '672 Patent in the United States District Court for the Northern District of California. Following the filing of the litigation, fourteen companies that were defendants have entered into license agreements.
Since its inception more than three years ago, Forgent's intellectual property program has generated more than $105 million in revenues primarily from licensing the '672 Patent to more than 50 different companies in Asia, Europe and the United States. The '672 Patent relates to digital image compression used in digital still image devices that compress, store, manipulate, print or transmit digital still images such as digital cameras, personal digital assistants, cellular telephones, printers, scanners and certain software applications. The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation and Forgent Networks, Inc.
About Forgent
Forgent(TM) Networks (NasdaqNM:FORG - News) develops and licenses intellectual property and provides scheduling software to a wide variety of customers. Forgent's intellectual property licensing program is related to communication technologies developed from a diverse and growing patent portfolio. Forgent's software division, NetSimplicity provides a spectrum of scheduling software that enables all sizes of organizations to streamline the scheduling of people, places and things. For additional information please visit www.forgent.com.
Contact: Investor contact: Jay Peterson 512.437.2476 Email Contact
Media contact: Lee Higgins 512.794-8600 Email Contact
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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Which company will be next to settle with Forgent?
The current parties are: Acer America Corporation, Agfa Corporation, Apple Computer, Incorporated (NasdaqNM:AAPL - News), BancTec, Inc., Canon, USA, Concord Camera Corporation (NasdaqNM:LENS - News), Creative Labs, Incorporated, Creo, Inc. (CREO - News), Creo Americas, Inc., Dell Incorporated (NasdaqNM:DELL - News), Eastman Kodak Company (NYSE:EK - News), Fuji Photo Film Co U.S.A, Fujitsu Computer Products of America, Gateway, Inc. (NYSE:GTW - News), Hewlett-Packard Company (NYSE:HPQ - News), International Business Machines Corp. (NYSE:IBM - News), JVC Americas Corporation, Kyocera Wireless Corporation, Matsu****a Electric Corporation of America, Microsoft Corporation (NasdaqNM:MSFT - News), Mitsubishi Digital Electronics America, Incorporated, PalmOne, Inc. (PLMO - News), Panasonic Communications Corporation of America, Panasonic Mobile Communications Development Corporation of USA, Ricoh Corporation, Savin Corporation, Sun Microsystems Inc. (NasdaqNM:SUNW - News), Thomson S.A. (NYSE:TMS - News), TiVo Inc. (NasdaqNM:TIVO - News), Toshiba Corporation, Veo Inc., and Xerox Corporation (NYSE:XRX - News). Since the filing of the litigation, more than a dozen companies that were defendants have entered into license agreements.
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