(Reuters) - A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp (MASI.O) for having infringed two patents for technology used to help measure blood oxygen and track pulse rates.
Shares of Masimo closed 12.9 percent higher, rising $2.74 to $24.02 on the Nasdaq.
Jurors in Wilmington, Delaware needed less than a day of deliberations before ruling in favor of Irvine, California-based Masimo, following a two-week trial.
They also said Philips, a unit of Amsterdam-based Koninklijke Philips NV (PHG.AS), did not show it more likely than not that Masimo had infringed one of its own patents.
"We are very disappointed in the verdict and will appeal," Philips spokesman Steve Klink said in an emailed statement. "We remain convinced that Philips has not infringed any valid, enforceable patent claims of the two asserted Masimo patents."
The case concerned technology for pulse oximetry, a non-invasive procedure to measure the level of oxygen saturation in a patient's blood.
Philips, which has offices in Andover, Massachusetts, had conceded having infringed Masimo's patents, but claimed the patents were void because they were "obvious" and described inadequately. The jury said Philips did not prove those claims.
Masimo had sued Philips in February 2009. A Masimo spokesman declined to comment on the verdict, and a lawyer for the company could not immediately be reached.
The case is Masimo Corp v. Philips Electronics NA et al, U.S. District Court, District of Delaware, No. 09-00080.
(Reporting by Jonathan Stempel in New York; Editing by James Dalgleish)
FIND OUT MORE ABOUT 'BEN Latest News'
'Like us on Facebook'
http://www.facebook.com/pages/BEN-Latest-News/443681719077160
'Follow us on Twitter'
www.twitter.com/benlatestnews
For Advertisment and Partnering with us contact the CEO on:
BEN Latest News™
BB PIN: 260158B5
Skype: cwizard123
Phone: (+234)-807-591-2014
Work: (+234)-903-027-0566
Mobile: (+234)-818-505-0866
BizLine:(+234)-812-595-5300
Email: cwizard123@gmail.com
BLNs: benlatestnews@gmail.com
On: Facebook, Twitter | LinkedIn - cwizard123
Thursday, 2 October 2014
Home »
» TECHNOLOGY Philips Electronics loses $467 million patent verdict to Masimo
TECHNOLOGY Philips Electronics loses $467 million patent verdict to Masimo
02:03
No comments
Related Posts:
Beyonce goes 'topless' for Out MagazineIn the May Power issue of LGBT magazine, Out, Beyonce channels Hollywood sex symbol Marilyn Monroe and tackles the double standard between men & women regarding sexuality, telling the mag, "There is a double standar… Read More
Missing Malaysia plane: Search area narrowsAustralia's Ocean Shield has picked up signals that could be consistent with flight recorders four timesTeams are focusing on a narrowed search area in the hunt for the missing Malaysia Airlines plane, after more signals … Read More
Flight 370: 2 new signals detectedTwo new, fainter signals detected In a sea of uncertainty, two bits of good news emerged Wednesday. Searchers picked up fresh signals that officials hope came from locator beacons attached to the so-called black boxes in t… Read More
‘Russia trying to create climate of chaos in Ukraine’CNN speaks with Fareed Zakaria about recent developments in Ukraine, what Russia might be planning next, and how the United States should respond. This is an edited version of the transcript.You've got pro- Russian demons… Read More
'I've never really become an adult' - Michael PalinMichael Palin says he has been very much "blown by the winds" in his career.After hitting the stage with Monty Python in July, Michael Palin is to embark on his first ever one-man theatre tour."I look with envy… Read More
0 comments:
Post a Comment