Intel, Cyrix settle patent lawsuitSemiconductor giant Intel Corp and Cyrix Corp, a developer of Intel clone microprocessors, said that they settled a patent infringement lawsuit that Cyrix filed against Intel last year. Cyrix, which last year was purchased by National Semiconductor Corp, sued Intel in May 1997. Cyrix alleged that Intel infringed on some of Cyrix's patents for certain microprocessor technologies. National Semiconductor already had a broad patent cross-licensing agreement in place with Intel since 1976. Under Tuesday's agreement, Intel and National agreed to extend the terms of that longstanding pact.
Peregrine's Bangladesh subsidiary taken over:
Peregrine Capital Limited, a unit of the collapsed Peregrine Investment Holdings Limited, has been taken over by a group of local investors, company officials said on Wednesday. "The directors of Peregrine Capital Limited have approved the transaction leading to a complete takeover by a group of investors with the authorisation ofthe liquidator of Peregrine Investment Holdings Limited," a statement from the proposed new company, Union Capital Limited, said. Union Capital finalised the deal at 47.4 million taka($1.03 million) with Peregrine on Tuesday, one official said.
Rockwell launches image senors:
Rockwell Semiconductor Systems has launched its first image sensors for digital video cameras and still cameras. The company has introduced a complete family of complementary metal-oxide semiconductors (CMOS), based on low power alternative to charge-coupled device solution. The new series include five devices providing a wide range of design flexibility for original equipment machines. The highlight of the sensors is the technology which enables integrations of electronic camera functions onto the same chip to reduce overall chip count and system cost.
Indonesia sees continued export growth:
Indonesia would continue to boost exports, industry and trade minister Tunky Ariwibowo said on Wednesday after releasingfigures showing a trade surplus of $1.42 billion in November 1997. "The depreciation of our currency has had a positive impact on our exports. Our competitiveness has increased," Ariwibowo told reporters after a cabinet meeting chaired by president Suharto. "We will continue to boost exports. We will encourage the use of domestic products locally to cut imports," he said. JP Morgan trims Fiat earnings estimates: Earnings estimates for Italy's Fiat were cut at JP Morgan, the investment bank said on Wednesday. For 1998, JP Morgan cut to 387 lire per share from 422lire and lowered its net profit estimate to 2.13 trillion lire from 2.32 trillion lire. In a research note, JP Morgan analysts noted that the carmaker's 1997 results had been hit by a sudden slump in Brazilian sales. Results in the current year would also be hit by a slowdown in the Italian car market, caused by the ending of an incentive scheme in July 1998, they said. JP Morgan repeated a "market performer" rating on the stock.
Daimler sees 97commercial vehicles profit:
Daimler-Benz AG's commercial vehicle unit returned to profit in 1997 with sharply increased sales, the head of the division Kurt Lauk said. Lauk told a news conference at the International Commercial Vehicles Show in Amsterdam the division's 1997 profits would be "in the range of a three-digit million (mark) figure". He said unit sales rose by 20 per cent to 417,000 andturnover increased by nearly 24 per cent to 39 billion marks.
Tokyo SE mulls changes to boost competiveness:
The Tokyo Stock Exchange (TSE) said on Wednesday it is planning to take various measures, which may include the introduction of new indices, to boost its competitiveness with other exchanges. A TSE official said that the exchange hoped to start discussing changes at a panel that advises the TSE president. "We need to study as quickly as possible what we need to do to increase competitiveness because our business environment is changing drastically," he said.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
