Fri, Aug 29, 2014, 2:18 PM EDT - U.S. Markets close in 1 hr 42 mins

Recent

% | $
Quotes you view appear here for quick access.

Itron, Inc. Message Board

  • nonprofit_c3 nonprofit_c3 Feb 5, 2003 10:09 PM Flag

    Damages could be reduced 60%

    sounds to me that this Beng-o fella has really shot himself in the foot.

    http://multex.multexinvestor.com/MGI/news.asp?target=stocks%2Fcompanyinformation
    %2Fnews&Ticker=ITRI&TEXT=CMTX:20030128:030b5431


    During the trial, Itron filed a motion under the doctrine of laches, claiming that Mr. Benghiat waited too long before accusing Itron of infringing his patent. If the court finds that laches applies, the court may limit damages to a reasonable royalty on infringing products sold from the date that Mr. Benghiat first claimed that our products infringed, which was April 1999 to December 20, 2002, the date of the jury's award. We estimate this would reduce the damages award by approximately 60%.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • All I can add is that having gone to school in Minnesota, I think highly of the state, and imagine that a Jury might be fairer than in some other places. They've had some doosies (if thats how to spell the word)in the political department, but also some progressive politicians.

    • <<Minnesota lost its reputation on that one>>

      Minnesota's the greatest state in the nation for electing Ventura.

      <<she just turned Green>>

      One thing that annoys me about Greens is how jealous they can be about Ventura's success.

    • The patent issue and Itron's handling of it is a black eye for Itron. They shouldn't have violated a patent, and they should have settled the case before going to a jury. This was in Minnesota, not Bagdad. You seem to be 'dis-ing' the person who won the jury case; and it would make more sense to be critical of Itron's handling of this matter.

      • 3 Replies to sunfund
      • I'm recalling the history of Itron's technology, although it may have changed over the years and my recollection may be subject to a senior moment. The device which started Itron was designed by a company called Johnson, a radio transmitter company out of Waesco, Michigan. At some point it was owned by a utility named DEI, somewhere in the upper Mid-West. DEC merged with another utility later on, and at some point Itron must have been separated from utility ownership. Itron, the stock, has been a darling & a dog. Pretty sure we once collected money from a shareholder class action against the company when it was managed by others years ago.

        The companies ability to change the device in two weeks to cope with the fix they're in, is quite remarkable.

      • Read very carefully again. I am still looking for the other details i read last week. maybe i am seeing something in this you are not, or vice versa. there were some earlier news releases or disclosures that seemed to indicate that Itron was forthright, and approached him first. i should just try to find the excerpt.:

        December 23, 2002
        At this time Itron does not know whether Benghiat will ask the court for enhanced damages or whether he will ask the court to enjoin future sales of infringing devices until his patent expires in July 2005. However, in deciding whether to grant an injunction, the court will take into account the fact that Benghiat does not make or sell the patented invention, does not compete with Itron and the impact on Itron's customers. Itron continues to believe that its products do not infringe the Benghiat patent and has been so advised by its legal counsel.

        http://news.moneycentral.msn.com/ticker/sigdev.asp?Symbol=itri

        During the trial, Itron filed a motion under the doctrine of laches, claiming that Mr. Benghiat waited too long before accusing Itron of infringing his patent. If the court finds that laches applies, the court may limit damages to a reasonable royalty on infringing products sold from the date that Mr. Benghiat first claimed that our products infringed, which was April 1999 to December 20, 2002, the date of the jury's award. We estimate this would reduce the damages award by approximately 60%.

        http://multex.multexinvestor.com/MGI/news.asp?target=stocks%2Fcompanyinformation
        %2Fnews&Ticker=ITRI&TEXT=CMTX:20030128:028b4605

      • since he waited so many years, i am suspecious. from what i remember reading, apparently they approached him first when they found out about him. from their prespective they did not violate a patent. so the story might not be exactly as you are depicting here. why did it take so many years? if i find out more about these details i will post it here. i read this somewhere, and i need to find the source again.

 
ITRI
41.98+0.02(+0.05%)2:11 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.