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March 6, 2013
05:48 EDTLSCCLattice Semiconductor, Intellectual Ventures resolve patent dispute
Intellectual Ventures and Lattice Semiconductor announced that Lattice will become a licensee to segments of IV's patent portfolio of nearly 40,000 IP assets. As a result of the licensing arrangement, IV and Lattice have reached a settlement agreement and resolved all pending patent infringement litigation. Lattice was one of four companies ultimately named as a defendant in IV's patent infringement action originally filed in December 2010 in the U.S. District Court for the District of Delaware. This suit involved manufacturers of field-programmable gate arrays, and due to the settlement agreement, IV will file a motion to dismiss all pending litigation against Lattice.
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16:03 EDTLSCCLattice Semiconductor sees Q3 revenue 8%-12% lower on sequential basis
Sees Q3 gross margin percentage up at approximately 56% plus or minus 2%.
16:02 EDTLSCCLattice Semiconductor reports Q2 EPS 10c, consensus 9c
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