NLST - Netlist plunges 18% amid loses in patent validity probe with U.S. Patent Office

2023-07-03 09:49:24 ET

Netlist ( OTCQB:NLST ) sunk 17% on Monday after it lost a request in a patent validity probe with the U.S. Patent and Trademark Office that had argued Google ( NASDAQ: GOOGL ) was an interested party in a patent dispute with Samsung Electronics ( OTCPK:SSNLF ).

Google is not a "real-party-in interest" in the matter, according to a filing from the USPTO on Friday.

The USPTO was assessing whether Samsung-supplier Google ( GOOGL ) was a real interested party in a dispute over claim 16 in the '912 patent. If it was determined that Google was a real interest party, then Samsung would have been time-barred from the proceeding, meaning that it filed its IPR too late.

Netlist ( OTCQB:NLST ) didn't immediately respond to Seeking Alpha's email request for comment after normal business hours on Sunday.

The request from Netlist ( OTCQB:NLST ) to look at the relationship between Google ( GOOGL ) and Samsung ( OTCPK:SSNLF ) came after the USPTO in late October said it would review claim 16 in the '912 patent dispute. Samsung "has shown a reasonable likelihood" that the claim will be found invalid, the board said at the time.

The patent infringement claim is related to printed circuit boards, memory modules, and double-date-rated, or DDR, memory.

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