Tegal Provides Litigation Update
SAN JOSE, Calif.--(BUSINESS WIRE)--Tegal Corporation (Nasdaq:TGAL) today announced that the Superior Court of Santa Barbara, California had denied defense motions for summary judgments in the case involving Tegal’s wholly-owned subsidiary, Sputtered Films Inc. (SFI) against Agilent Technologies (Agilent), Avago Technologies (Avago), Advanced Modular Sputtering (AMS) and other corporate and individual defendants. The case involving charges made by SFI of trade secret theft against the defendants will be starting a jury trial on November 7, 2006, in the Superior Court of Santa Barbara, California.
At the upcoming trial, SFI expects to prove that Agilent, together with AMS, misappropriated trade secrets in SFI's Endeavor sputtering system and put those secrets to use in custom sputtering systems that were jointly built by AMS and Agilent. Avago is also listed as a defendant in the trial as they acquired Agilent's Semiconductor Products Group in December 2005 for $2.66 billion. During the trial, SFI will ask the jury to award more than $100 million in damages. If punitive damages are deemed appropriate, the damages awarded could be doubled. Much of the evidence being used in the trial involves confidential business information and the Court has imposed a protective order that will remain in effect until the jury renders its verdict. The trial is expected to last about six weeks and a verdict is expected in late December.
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Except for historical information, matters discussed in this news release contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements, which are based on assumptions and describe our future plans, strategies and expectations, are generally identifiable by the use of the words "anticipate," "believe," "estimate," "expect," "intend," "project" or similar expressions. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company including, but not limited to industry conditions, economic conditions, acceptance of new technologies and market acceptance of the Company's products and services. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements in this paragraph. For a further discussion of these risks and uncertainties, please refer to the Company's periodic filings with the Securities and Exchange Commission.
Tegal provides process and equipment solutions to leading edge suppliers of advanced semiconductor and nanotechnology devices. Incorporating unique, patented etch and deposition technologies, Tegal’s system solutions are backed by over 35 years of advanced development and over 100 patents. Some examples of devices enabled by Tegal technology are energy efficient memories found in portable computers, cellphones, PDAs and RFID applications; megapixel imaging chips used in digital and cellphone cameras; power amplifiers for portable handsets and wireless networking gear; and MEMS devices like accelerometers for automotive airbags, microfluidic control devices for ink jet printers; and laboratory-on-a-chip medical test kits.
For more information about Tegal Corporation, visit: www.tegal.com.