Forgent Announces Patent Lawsuit Update
AUSTIN, TX, Mar 28, 2007 (MARKET WIRE via COMTEX News Network) -- Forgent Networks, Inc. (NASDAQ: FORG) announced today that the US District Court for the Eastern District of Texas, Tyler Division, recently set jury selection for the 6,285,746 (the "'746 patent") infringement trial for May 14, 2007.
Commented Richard Snyder, Chairman and Chief Executive Officer of Forgent Networks, "Our case remains on track for a May 2007 trial date and we look forward to presenting our arguments in the case to a jury. It is our continued belief that the patent is valid and enforceable."
On July 14, 2005 Forgent initiated litigation against approximately fifteen companies for infringement of the '746 patent in the Eastern District of Texas. On September 19, 2005, Scientific-Atlanta (a Cisco Company) (NASDAQ: CSCO) and Motorola (NYSE: MOT) filed a complaint against Forgent in the Eastern District of Texas, Tyler Division.
The defendants include: Cable One, Inc. a subsidiary of The Washington Post Company (NYSE: WPO), Charter Communications, Inc. (NASDAQ: CHTR), Comcast Corporation (NASDAQ: CMCSA) (NASDAQ: CMCSK), Cox Communications, Inc. a subsidiary of family owned Cox Enterprises, Inc., EchoStar Communications Corporation (NASDAQ: DISH), The DIRECTV Group, Inc. (NYSE: DTV), Time Warner Inc. (NYSE: TWX), and their respective subsidiaries.
The '746 Patent, which expires on May 21, 2011, is titled "Computer Controlled Video System Allowing Playback During Recording." The '746 Patent was derived from application serial number 07/703,685 that was filed on May 21, 1991.
Forgent Networks (NASDAQ: FORG) develops and licenses intellectual property and provides scheduling and asset management software to a wide variety of organizations. Forgent's intellectual property licensing program is related to communication technologies developed from its patent portfolio. Forgent's software division, NetSimplicity, develops software that simplifies day-to-day office administration tasks. The products are specifically designed for the management and scheduling of rooms, equipment, assets and resources. For additional information please visit www.forgent.com.
This release may include projections and other forward-looking statements that involve a number of risks and uncertainties, and actual results in future periods may differ materially from those currently expected. Some of the factors that could cause actual results to differ materially include changes in the general economy or in our industry, rapid changes in technology; sales cycle and product implementations; risks associated with transitioning to a new business model and the subsequent limited operating history; the possibility of new entrants into our software markets, the possibility that the market for the sale of certain software and services may not develop as expected; or that development of these software and services may not proceed as planned; the risks associated with the company's license program, and including risks of litigation involving intellectual property, patents and trademarks. Additional discussion of these and other risk factors affecting the company's business and prospects is contained in the company's periodic filings with the SEC.
SOURCE: Forgent Networks