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Stock Market & Financial Investment News

News Breaks
February 21, 2013
05:02 EDTVICRVicor Corporation sees Q1 revenue, earnings sequentially lower than Q4
Addressing near-term performance, CEO Dr. Patrizio Vinciarelli stated, "For Q4, our consolidated bookings declined 27%. We are therefore expecting to record Q1 revenue and earnings sequentially lower than Q4. Reflecting our near-term demand expectations, we undertook a reduction in force on February 12, and are monitoring production activity closely, with furloughs of manufacturing personnel within our Brick Business Unit and our VI Chip subsidiary continuing on an as-needed basis. As I stated in November, we believe our financial performance may not improve until after new products in which we have made considerable investment begin to contribute to our revenues and earnings."
News For VICR From The Last 14 Days
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May 12, 2015
09:57 EDTVICRThe Patent Trial and Appeals Board rules all claims of SynQor patent invalid
On May 5, 2015, the United States Patent and Trademark Office's Patent Trial and Appeals Board ruled that all claims of U.S. Patent No. 7,727,021 are invalid, thus affirming the Examiner's decision in a reexamination proceeding initiated by Vicor. SynQor has asserted U.S. Patent No. 7,727,021 against Vicor and Cisco Systems in litigation currently pending in the U. S. District Court for the Eastern District of Texas. The May 5th PTAB decision follows a March 13th decision in which the Federal Circuit, reversing a prior decision of the PTAB, found that prior art invented by Dr. Robert L. Steigerwald anticipated key claims of a related patent, U.S. Patent No. 7,072,190. Citing to the Federal Circuit decision, and giving it substantial weight, the PTAB found that all claims of U.S. Patent No. 7,727,021 are also either anticipated by Steigerwald or obvious.

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