ParkerVision Wins $173M in Case Against Qualcomm; Sought $432M
ParkerVision, Inc. (Nasdaq: PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, today announced that a jury in the U.S. District Court for the Middle District of Florida awarded ParkerVision past damages of $173 million for Qualcomm's direct and indirect infringement of ParkerVision patents. The jury also found that ParkerVision did not prove its claims of willfulness, which would have allowed the judge to enhance the damages awarded by the jury.
The judge still has to make determinations on matters of law, including ParkerVision's request for an injunction against Qualcomm. It is unknown at this time when the judge will rule on these matters.
The trial, which commenced on October 7, 2013 and was conducted in two phases, accused Qualcomm of infringement of eleven claims contained in four ParkerVision patents related to radio-frequency receivers and the down-conversion of electromagnetic signals. Phase one of the trial addressed claims of infringement and invalidity, with phase two addressing willfulness and damages. On October 17, 2013, phase one of the trial concluded with the jury finding Qualcomm guilty of both direct and indirect infringement of all eleven claims and for all accused products. The jury also found ParkerVision's patents to be valid. Phase two commenced immediately with the same jury.
ParkerVision Chief Executive Officer, Jeffrey Parker, commented, "We appreciate the hard work the jury put into this case. Overall, this is a significant win for ParkerVision, proving that our technologies have a meaningful place in the wireless market."
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