Maxim Sees No Material Near-term Impact from Apple v. Samsung Verdict
SAN JOSE, Calif., Aug. 27, 2012 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ: MXIM) has reviewed the verdict in Apple, Inc. v. Samsung Electronics Company, Ltd., et al , (U.S. District Court, Northern District of California) as well as the ruling of the Seoul Central District Court in a lawsuit filed by Samsung against Apple, both of which concluded last week. At this time, we do not believe these lawsuits will have any material impact on Maxim's September quarter revenues. In reference to the California jury verdict in Apple v. Samsung, it appears that this lawsuit was not focused on the newer generation Samsung products that comprise most of Maxim's sales to Samsung in the December quarter.
Maxim makes highly integrated analog and mixed-signal semiconductors. Maxim reported revenue of approximately $2.4 billion for fiscal 2012. For more information, go to www.Maxim-ic.com.
SOURCE Maxim Integrated Products, Inc.