MaxLinear, Inc. (NYSE: MXL), a leading provider of integrated radio-frequency (RF) and mixed-signal semiconductor solutions for broadband communication applications, announced today that it has filed counterclaims against Silicon Laboratories Inc. (Nasdaq: SLAB) in U.S. District Court in the Southern District of California, San Diego Division.
The patent counterclaims assert that a broad range of Silicon Laboratories’ products spanning TV tuners and receivers, satellite and FM and multiband receivers, and wireless MCUs infringe one or more of three MaxLinear patents: United States Patent Nos. 7,362,178; 8,198,940; and 7,778,613. The counterclaims seek damages and an injunction to stop the sale of the infringing Silicon Laboratories products.
“As a pioneer of broadband CMOS RF-Mixed Signal technology, MaxLinear is a strong believer in intellectual property,” said Dr. Kishore Seendripu, CEO of MaxLinear. “MaxLinear has invested millions of dollars in research and development to bring to market truly innovative and low-cost technologies to consumers.”
“The three patents asserted against Silicon Laboratories are only part of the breakthrough technologies being invented at MaxLinear,” Dr. Seendripu said. “MaxLinear believes that a wide range of Silicon Laboratories products infringe our intellectual property. We have filed today’s counterclaims for patent infringement to stop Silicon Laboratories from incorporating our patented technology in their products, and on behalf of our shareholders and customers, to vigorously protect MaxLinear’s intellectual property rights.”About MaxLinear, Inc. MaxLinear, Inc. is a leading provider of integrated radio-frequency and mixed-signal semiconductor solutions for broadband communications applications. MaxLinear is located in Carlsbad, California, and its address on the Internet is www.maxlinear.com. MxL and the MaxLinear logo are trademarks of MaxLinear, Inc. Other trademarks appearing herein are the property of their respective owners. Cautionary Note About Forward-Looking Statements This press release contains “forward-looking” statements within the meaning of federal securities laws. Forward-looking statements include, among others, statements concerning or implying anticipated litigation results, future financial performance, or trends and growth opportunities affecting MaxLinear. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by these forward-looking statements. In particular, intellectual property litigation is expensive and may result in a diversion of management’s time and attention, both of which could adversely affect our future operating results. In addition to these risks and uncertainties, investors should review the risks and uncertainties contained in MaxLinear’s filings with the United States Securities and Exchange Commission (SEC), including risks and uncertainties identified in our Annual Report on Form 10-K for the year ended December 31, 2011 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. All forward-looking statements are qualified in their entirety by this cautionary statement. MaxLinear is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV