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August 25, 2014
09:24 EDTIPHI, NLSTNetlist announces PTAB of USPTO denied Inphi request for rehearing
Netlist (NLST) announced that the Patent Trial and Appeal Board, or PTAB, of the United States Patent and Trademark Office, or USPTO, issued a final decision in the reexamination of U.S. Pat. No. 7,532,537 denying Inphi Corporation's request for a rehearing. The '537 reexamination appeal in the USPTO is now closed. With this action, the PTAB reaffirmed its earlier decision upholding the validity of all 60 claims in the '537 patent reexamination, dismissing every single validity challenge raised by Inphi. These claims are directed to fundamental concepts of load reduction and rank multiplication which are integral to the design of LRDIMMs at DDR3 and DDR4. Inphi's only opportunity to challenge the PTAB's final decision is an appeal to the U.S. Court of Appeals for the Federal Circuit, which it must file by mid-October. The '537 Patent is also the subject of litigation between Netlist and Inphi in the Central District of California, which has been stayed pending the outcome of the reexamination, including any subsequent appeals.
News For NLST;IPHI From The Last 14 Days
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November 24, 2015
10:56 EDTIPHISkyworks may look for new targets after losing out on PMC-Sierra
Shares of Skyworks Solutions (SWKS) rose, and those of PMC-Sierra (PMCS) fell, after the former gave up on its pursuit of the latter, which has agreed to be acquired by Microsemi (MSCC). An analyst from CLSA suggested that the failure to reach a deal is good news for Skyworks, which may now seek out other merger and acquisition opportunities that are a better strategic fit. WHAT'S NEW: Skyworks announced that it terminated its merger proposal with PMC-Sierra, which subsequently agreed to be acquired by Microsemi in a deal valued at approximately $2.5B. Skyworks said that it takes a "highly disciplined" approach to identifying takeover candidates and that PMC no longer meets its financial criteria at an increased valuation. Skyworks initially made its offer of $11.60 per share on October 29, and Microsemi followed suit a day later with an increased bid of $11.88 per share. Things escalated from there, with Microsemi finally agreeing to acquire PMC for $9.22 in cash and 0.0771 of a share of Microsemi common stock for each share of PMC in a transaction valued at approximately $2.5B and representing about a 77% percent premium to the closing price of PMC shares as of Sept. 30. STREET RESEARCH: Following the news, CLSA analyst Srini Pajjuri said that it "didn't make much strategic sense" for Skyworks to acquire PMC in the first place due to the PMC's lagging growth over the past three years. Pajjuri argued that abandoning a proposal for PMC was a positive development for Skyworks, which can sustain double-digit organic growth for the next two to three years without a major merger or acquisition. The analyst added that analog/MCU firm acquisitions offer a better strategic fit for Skyworks and named Silicon Labs (SLAB), Monolithic Power (MPWR), Semtech (SMTC), MaxLinear (MXL), and Inphi (IPHI) as possible targets. Pajjuri kept an Outperform rating and $92 price target on Skyworks' stock. PRICE ACTION: In morning trading, Skyworks rose 1% to $78.52, PMC-Sierra slid 2% to $11.61 and Microsemi fell 7.9% to $33.36. Meanwhile, Silicon Labs gained 2.2%, MaxLinear rose 2.4%, Monolithic Power was flat, and Semtech and Inphi were marginally lower.
08:41 EDTIPHI, IPHISkyworks may seek alternate M&A after missing out on PMC-Sierra, says CLSA
CLSA analyst Srini Pajjuri argues that PMC-Sierra (PMCS) was not a good strategic fit for Skyworks (SWKS) and that giving up its acquisition pursuit was a positive development. The analyst thinks Skyworks can sustain double-digit organic growth for the next two to three years without an acquisition, but wouldn't be surprised to see the company look for another target, naming Silicon Labs (SLAB), Monolithic Power (MPWR), Semtech (SMTC), MaxLinear (MXL) and Inphi (IPHI) as potential fits. Pajjuri has an Outperform rating and $92 price target on Skyworks shares.
November 19, 2015
07:05 EDTNLSTNetlist parnters with Samsung for new storage class memory
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November 16, 2015
07:39 EDTIPHI, NLSTNetlist says appeals court upholds validity of LRDIMM patent against Inphi
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