Seagate Sues Flash Drive Maker STEC
San Francisco (CA) - Seagate, the world’s largest hard drive maker, has filed a patent infringement lawsuit against flash-drive manufacturer STEC. In the suit, which was filed in the US District Court in San Francisco, Seagate alleges that STEC infringes on four of its patents. Seagate is seeking an injunction and unspecified damages.
It’s a classic case of David versus Goliath since Seagate has $12 billion in annual revenues while STEC made just $190 million last year. The lawsuit didn’t come as a big surprise to some hard drive analysts because Seagate’s CEO Bill Watkins told a Fortune reporter last month flat out that the company would "sooner or later" sue flash drive companies for patent infringement.
Watkins has published an open letter saying that flash drive companies have taken "shortcuts in the race to innovate" and that they are relying on Seagate’s intellectual property.
But isn’t this a clear cut case of an established technology company trying to stifle an upstart flash drive industry into oblivion? According to Watkins, Seagate actually supports flash technology and wants to see it flourish and said, "This is not about stifling innovation or threats to our business from solid state technology. We welcome advances in this, and other technologies, and in fact we continue to invest considerable R&D funds and now have teams of people focused on the development of Seagate solid state and related technologies."
- Researchers Crack IPhone's Wi-Fi Positioning System
- Apple Mac Clones Now Available
- Mobile Giants, Nokia, Ericsson and Others Join To Advance Phone Tech
- Vtech Brings Text Messaging To Cordless Phones
- Blockbuster Discloses $1 Billion+ Takeover Offer For Circuit City
- LCD TV Business Environment To Affect Smaller TV Makers In Q2
- AMD's Chief Technology Officer Resigns
- Yahoo Morale Down, Unexcited About AOL Talks
- Apple Working On 3D Conference Calls, Patent Filing Reveals
- Cuban Line Up To Buy Their First Mobile Phones
- Business And Marketing Managers Take Home The Big Bucks In Video Gaming
- Large-size LCD Panel Shipments Grow 12% In March
- AOL Acquires Blog Search Engine Sphere For $25 Million
- Dolby Mobile Could Become A Secret Weapon For Smartphones
- Tegra Brand Starts Speculations About New Nvidia Products
- iPhone Targets New Geographies, Gets GPS And Web Image Save Feature
- 112 Million Americans Have Access To Broadband Internet
- XP Service Pack 3 Heading Out In Two Weeks
- Asus Launches 1TB Laptop
god i hate mechanical hard drives. HURRY UP SOLID STATE MARKET!