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December 20, 2012
12:01 EDTEZCH, MLNXMellanox sinks after report details profit warning concerns
Shares of Israeli semiconductor company Mellanox (MLNX) are falling after Israeli newspaper Globes reported that large investors fear that the company may issue a profit warning for the current quarter. Hedge funds and major institutional investors are also concerned that the company's fourth quarter results and its results for the first quarter of next year may miss analysts' expectations. Over the past few weeks, these large investors have sold massive amounts of the company's stock, Globes added. In late morning trading, Mellanox fell $3.90, or 6.15%, to $59.50, while EZchip (EZCH), another Israeli semiconductor company, gave back $2.04, or 5.76%, to 433.39.
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April 21, 2014
16:16 EDTMLNXITC rules Mellanox does not infringe Avago's laser driver patent
Mellanox Technologies (MLNX) announced that, on April 17, the U.S. International Trade commission issued its Final Determination ruling that Mellanox’s Active Optical Cable products and VCSEL drivers do not infringe Avago’s (AVGO) U.S. Patent Number 5,596,456, directed to a laser driver, which was asserted against Mellanox by Avago in an ITC complaint filed in September 2012. The ITC also affirmed the ALJ ruling that certain Mellanox cable products that contain a particular type of vertical cavity surface emitting laser do infringe another of Avago’s patents, US Patent No. 5,596,595, directed to a VCSEL and issued a limited exclusion order and cease and desist orders with respect to those products. The VCSELs in the products at issue are supplied to Mellanox by third parties. These orders, however, will not interrupt Mellanox’s ability to supply cables or otherwise impact Mellanox’s current or planned product offerings. Those orders are also not expected to have a material adverse effect on the company’s business, financial position, results of operations or cash flow.

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