October 27, 2007
Pick Me Up
SanDisk, a flash memory maker, saw its shares plummet since publishing its Q3 results on October 17. What better way to say "I'm a player!" than a rollicking patent enforcement campaign. So Wednesday, SanDisk unfurled assertions against 25 companies, with two beefy actions in the new hot rocket docket of Western Wisconsin, and a large order of fries at the old stalwart ITC.
The companies are mostly Asian importers, particularly Taiwanese, including LG Electronics, Verbatim, Kingston, Corsair Memory, PNY, Imation, Apacer, and Silicon Motion.
SanDisk seeks injunctions and an ITC import ban, but the dance is for licensing lucre. Earle Thompson, IP counsel at SanDisk intimated that an opening of wallets by defendants would soothe the savage beast: "Our goal is to resolve these matters by offering the defendants the opportunity to participate in our patent licensing program for card and system technology."
Posted by Patent Hawk at October 27, 2007 1:20 AM | Patents In Business
I would say Sandisk is serious! The company is pulling in over $100 million a quarter in IP licensing royalties. This business grew over 50% in the 3rd quarter and has very little cost to operate.
Posted by: IP Investor at October 27, 2007 6:47 AM
Sandisk – Many analyst have failed to properly model the royalty income even though Sandisk CFO has clearly stated that “there is nearly no cost related to that business.”
Posted by: IP Investor at October 27, 2007 7:24 AM