Here is a press release after QCOM lost the ITC case with Tessera where QCOM said they were shifting production to AMKR because Amkor had a license.
Well AMKR has now lost that license
So what is QCOM going to do, find a new packaging supplier?
Here is a press release after QCOM lost the ITC case with Tessera where QCOM said they were shifting production to AMKR.
Well AMKR has now lost their Tessera license.
So what is QCOM going to do?
But worse is Amkor lost their Tessera license despite any payments for past damages !!!!.
So what is QCOM going to do if AMKR doesn’t have a Tessera license?
Doesn’t QCOM face the risk of shipping unlicensed product if AMKR doesn’t have a license?
Will QCOM transition to a different supplier who does have a license?
That new assembly outfit will make a good investment imo.
Anybody know who that different supplier might be?
<Chernicoff will probably spend the next week with tape over his mouth>
Nice call MORON
Do you really think Chernicoff issued a ****TSRA**** press release without the CEO's approval?
Looks to me like AMKR is feeling the pressure by making early payments.
What is this all about?
Even worse is that Amkor lost their Tessera license !!!!.
So what are Amkor customers going to do in the future?
If Amkor doesn’t have a license, are those Amkor customers going to find another assembly supplier who does have a license?
What happens to AMKR revenues if even a few customers start defecting to other suppliers who do have a Tessera license?
This is looks like a big risky mess for AMKR shareholders imo.
I wonder why Amkor didn't take the Morons advice and not stipulate the arbitration results because according to the MORON the International Court of Arbitration isn't a court ???????
Amkor just coughed up $20M and Amkor knows they will have to cough up more in the future !!!!!!
Besides that, Amkor has not had a license for several months which puts their customers at risk.
From the latest Amkor 8K filing
“with respect to the interim order issued by the Tessera arbitration panel, we believe that $34 million is a reasonable estimate of the low end of the possible range of loss up to an amount in excess of $125 million claimed by Tessera, and that no amount in the range constitutes a better estimate than any other amount; however, the final award could be more than the amount currently accrued, and we expect to record our estimate of interest accruing with the passage of time and may record additional charges as information develops or upon the issuance of the final award;”
ARE YOU KIDDING ME !!!
Reasonable estimate of LOW END !!!
That’s beyond hilarious!
But what about the Elephant in the room? Like QCOM who no longer can hide behind the Amkor license they had with Tessera because that license has been terminated???
What are all those deer caught in the headlights going to do?
AMKR needs to worry about customers defecting to other assembly manufactures who have a Tessera license.
This is huge risk for AMKR shareholders imho
What a Moron!
even in Amkor’s press release they call it a COURT.
The COURT has also developed resolution mechanisms specifically conceived for business disputes in an international context.
The COURT provides parties with a flexible and neutral setting for dispute resolution. It offers confidentiality and extraordinary freedom for parties to choose the framework for how and where they want to resolve their dispute.
the COURT has administered more than 19,000 cases involving parties and arbitrators from some 180 countries.
the outcome does not depend on the parties reaching an agreement. Rather, the arbitral tribunal is empowered to make a final, binding award.
Court judgements in commercial cases can usually be appealed at least once, often more than once, to higher courts. This is not true for arbitration. There is generally no appeal at all permitted from an arbitral tribunal’s award in an international arbitration. The result is absolutely final, subject only to a request to set aside the award due to procedural irregularities such as an unfair procedure or arbitrator lack of independence.
Any other dopes out there who want to say the ICC is not a court with binding consequences?
Moody's Investors Service lowered its outlook on Amkor Technology Inc. (AMKR) to negative from stable after Tessera Technologies Inc. (TSRA) prevailed over the company in a patent arbitration and said it is seeking an injunction and damages related to one of the disputed U.S. patents.
The panel also ruled that the license agreement, under which the royalties were awarded, was terminated by Tessera as of February 17, 2011. Based in part on this ruling that the license has terminated, on July 6, 2012, Tessera filed a complaint in the U.S. District Court for the District of Delaware. The complaint seeks injunctive relief and damages with respect to Amkor’s alleged infringement of one of the U.S. patents that the arbitration panel found to be royalty bearing.
If the Tessera license was terminated as of February 2011, despite what Amkor was telling their customers, doesn’t that mean those Amkor customers are at risk of infringement after February 2011?
With possibly willful infringement after today’s news?
Doesn’t that also mean the past damage award calculations that Amkor is calculating and citing in their press release only goes up to February 17, 2011? What about from Feb 2011 up to today?
Looks like Tessera finally got a favorable court ruling with some teeth.