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December 16, 2013
08:49 EDTNLSTNetlist provides update on lawsuite against Diablo Technologies, Smart Holdings
Netlist, Inc. (NASDAQ: NLST), a leading provider of high performance and hybrid memory solutions for the cloud computing and storage markets, provided an update on its lawsuit against Diablo Technologies, Inc., Smart Modular Technologies, Inc., Smart Storage Systems, Inc. and Smart Worldwide Holdings, Inc. As noted in its 8-K filed with the Securities and Exchange Commission on December 12, on November 13, Netlist's CEO, C.K. Hong, received a whistleblower letter postmarked from Canada, and apparently written by a current or former Diablo employee. The letter begins by stating that Diablo stole Netlist's architecture and design. The letter goes on to explain that, in creating its new ULLtraDIMM product, Diablo took Netlist's flagship product, HyperCloud, "as-is." Diablo then passed off the resulting product as its own to potential customers, including in demonstrations to IBM, Hewlett-Packard and others. The letter further states that Diablo's management conspired to hide this theft by instructing its employees not to speak to customers about the fact that Netlist's product was incorporated into ULLtraDIMM. The letter includes diagrams showing precisely how Diablo implemented the theft of Netlist's trade secrets, as well as the names of former Diablo employees, customers and suppliers who can verify the theft. Netlist is aggressively pursuing an investigation into Diablo's theft of Netlist's trade secrets.
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April 15, 2014
08:39 EDTNLSTNetlist patent with LRDIMM claims confirmed in reexamination
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