SUNNYVALE, Calif.-Proxim Corp. will be required to pay $25.9 million in
damages to Symbol Technologies Inc. for infringing on patents, according to the
U.S. District Court for the District of Delaware, which upheld the September
2003 verdict and rejected Proxim’s post-trial motions.
Proxim, however, is not
enjoined from continuing to sell the products in question, and the court denied
Symbol’s request that it impose a court-ordered royalty on future sales of the
products.
“We are pleased with this decision by the court, particularly
the validation of the 6-percent royalty assessed for infringement of Symbol
wireless patents,” said Peter Lieb, Symbol’s senior vice president and
general counsel. “We believe Symbol’s intellectual property is a strategic
asset of the company, and this decision is another example of Symbol’s superior
track record in defending our intellectual property.”
Proxim said it has
anticipated such a ruling, and therefore, the decision will not result in any
change to its financial statements.
