Judge Rules on Kodak Summary Judgment
01 Noviembre 2006 - 7:00AM
Business Wire
Ampex Corporation (Nasdaq:AMPX) today announced that on October 31,
2006, the judge in the patent infringement litigation between the
Ampex and Eastman Kodak Company granted Kodak's motion for summary
judgment of non-infringement. The Company is reviewing the judge's
Memorandum Opinion and considering what action to take in view of
this decision, including possible appeal after entry of final
judgment. The patent in suit expired on April 11, 2006.
Accordingly, the Company does not expect this decision to have a
material impact on future licensing revenues. Ampex Corporation,
www.ampex.com, headquartered in Redwood City, California, is one of
the world's leading innovators and licensors of technologies for
the visual information age. This news release contains predictions,
projections and other statements about the future that are intended
to be "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of l995 (collectively,
"forward-looking statements"). Forward-looking statements relate to
various aspects of the Company's operations and strategies,
including but not limited to the effects of having recently and in
the past experienced losses and the risk that the Company may incur
losses in the future; the Company's limited liquidity and
significant indebtedness and interest expense; its sales and
royalty revenues declining in future periods, and the risk that the
Company will not conclude additional royalty-bearing license
agreements covering its digital technologies; the Company's
marketing, product development, acquisition, investment, licensing
and other strategies not being successful; possible future
issuances of debt or equity securities; the possible incurrence of
significant patent litigation expenses or adverse legal
determinations finding the Company's patents not be valid or not to
have been infringed; new business development and industry trends;
the possible need to raise additional capital in order to meet the
Company's obligations; reliance on a former affiliate to make
contributions to the Company's pension plans which are
substantially underfunded and most other statements that are not
historical in nature. Important factors that could cause actual
results to differ materially from those described in the
forward-looking statements are described in cautionary statements
included in this news release and/or in the Company's 2005 Annual
Report on Form 10-K and its Quarterly Report on Form 10-Q for the
first fiscal quarters ended March 31, 2006 and June 30, 2006 which
have been filed with the SEC. In assessing forward-looking
statements, readers are urged to consider carefully these
cautionary statements. Forward-looking statements speak only as of
the date of this news release, and the Company disclaims any
obligations to update such statements. Ampex Corporation
(Nasdaq:AMPX) today announced that on October 31, 2006, the judge
in the patent infringement litigation between the Ampex and Eastman
Kodak Company granted Kodak's motion for summary judgment of
non-infringement. The Company is reviewing the judge's Memorandum
Opinion and considering what action to take in view of this
decision, including possible appeal after entry of final judgment.
The patent in suit expired on April 11, 2006. Accordingly, the
Company does not expect this decision to have a material impact on
future licensing revenues. Ampex Corporation, www.ampex.com,
headquartered in Redwood City, California, is one of the world's
leading innovators and licensors of technologies for the visual
information age. This news release contains predictions,
projections and other statements about the future that are intended
to be "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of l995 (collectively,
"forward-looking statements"). Forward-looking statements relate to
various aspects of the Company's operations and strategies,
including but not limited to the effects of having recently and in
the past experienced losses and the risk that the Company may incur
losses in the future; the Company's limited liquidity and
significant indebtedness and interest expense; its sales and
royalty revenues declining in future periods, and the risk that the
Company will not conclude additional royalty-bearing license
agreements covering its digital technologies; the Company's
marketing, product development, acquisition, investment, licensing
and other strategies not being successful; possible future
issuances of debt or equity securities; the possible incurrence of
significant patent litigation expenses or adverse legal
determinations finding the Company's patents not be valid or not to
have been infringed; new business development and industry trends;
the possible need to raise additional capital in order to meet the
Company's obligations; reliance on a former affiliate to make
contributions to the Company's pension plans which are
substantially underfunded and most other statements that are not
historical in nature. Important factors that could cause actual
results to differ materially from those described in the
forward-looking statements are described in cautionary statements
included in this news release and/or in the Company's 2005 Annual
Report on Form 10-K and its Quarterly Report on Form 10-Q for the
first fiscal quarters ended March 31, 2006 and June 30, 2006 which
have been filed with the SEC. In assessing forward-looking
statements, readers are urged to consider carefully these
cautionary statements. Forward-looking statements speak only as of
the date of this news release, and the Company disclaims any
obligations to update such statements.
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