SSNLF - Netlist falls amid Micron '912 IPR patent trial instituted

2023-06-07 19:37:37 ET

Netlist ( OTCQB:NLST ) dipped 2.4% in regular trading on Wednesday as a Micron ( NASDAQ: MU ) '912 IPR patent trial was instituted.

The Patent Trial and Appeal board said that there's a reasonable likelihood that Micron will be able to establish that claim 16 of the '912 patent is unpatenable, according to the PTAB decision.

"The real news today is that claim 16 of the 912 patent, which is the only claim against Google, has now been instituted," Michael D. Cohen, director of research at MDC Financial Research LLC told Seeking Alpha in an interview. "This will stand even if Samsung is time barred in the case."

The PTAB's decision means that Netlist's case against Google ( GOOGL ) in the Northern District of California will remain stayed, Cohen explained. Netlist ( OTCQB:NLST ) first filed the complaint against Google ( GOOGL ) in 2009.

“It doesn't matter what happens with Samsung, the bus is going forward.” Cohen added. "We don't know who is going to be driving the bus, but the bus is going forward for a final written decision a year from now."

The latest patent news for Irvine, California-based Netlist ( OTCQB:NLST ) comes after the shares surged 52% over two days in late April after a jury awarded the  company $303 million in a patent fight with Samsung ( OTCPK:SSNLF ).

More on Netlist

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