2/28/2003 - In a petition filed today, February 27, 2003, Microtune®, Inc. (NASDAQ: TUNE) alleges that Broadcom Corporation has engaged in anti-competitive and monopolistic conduct as well as engaging in restraint of trade conduct in violation of the Texas Anti-Trust Act.
The lawsuit alleges that Broadcom has engaged in various illegal anti-competitive activities including bundling its tuner together with its demodulator chips in attempts to exclude Microtune and other competitors from a substantial share of the cable modem market.
The lawsuit, filed in the District Court of Williamson County, Texas, seeks injunctive relief and monetary damages for the harm resulting from the alleged unlawful conduct on the part of Broadcom, including treble damages for willful anti-competitive and monopolistic conduct.
Microtune, Inc. is a leading silicon and systems company that designs, manufactures and markets radio frequency (RF)-based solutions for the global broadband communications, automotive electronics and wireless connectivity markets. Inventors of the MicroTuner single-chip broadband tuner, the Company offers a portfolio of advanced tuner, amplifier, transceiver and wireless products that enable the delivery of information and entertainment across new classes of consumer electronics devices. The Company currently holds 23 U.S. patents for its technology, with more than 50 applications pending approval that span its RF and wireless products, containing more than 2000 supporting claims. Founded in 1996, Microtune is headquartered in Plano, Texas, with key design, manufacturing and sales centers located around the world. The web site is www.microtune.com.
Microtune is traded on the NASDAQ Stock Exchange under the symbol TUNE.
Microtune is a registered trademark and MicroTuner, MicroStreamer, and MicroModule are trademarks of Microtune, Inc.
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