Netlist Falls 50% Following Court Loss

Shares of Netlist, Inc.

collapsed Wednesday afternoon and fell approximately 50 percent following its loss in a breach of contract and trade secret misappropriation lawsuit. The company had sued Diablo Technologies and claimed it had stolen its proprietary technology which Diablo was suppling through SanDisk Corporation

to International Business Machines Corp.

for its X-Series servers, according to The Register. http://www.theregister.co.uk/2013/12/16/diablo_flashdimm_tech_lawsuit/ Netlist has also filed an infringement suit against Diablo and SanDisk, according to Seeking Alpha. http://seekingalpha.com/news/2391466-netlist-minus-59_3-percent-company-loses-diablo-suit Netlist, Inc. closed at $0.679 Wednesday, down 49.70 percent.