August 20, 2004 - The Santa Clara County Superior Court has granted National Semiconductor Corporation's (NYSE:NSM) motion for a new trial in the matter of ZF Micro Solutions, Inc. v. National Semiconductor Corporation and the related cross action.
ZF Micro Solutions (ZF) brought legal action against National, and a month-long jury trial ensued in May-June 2004. The jury verdict against National of $29.95 million was vacated as part of the new trial order. National did not believe the judgment against it was supported by the evidence, so National is pleased that the court has granted its motion for a new trial.
National disputes all claims filed against it by ZF and intends to vigorously defend itself in its new trial.
About National Semiconductor
National Semiconductor, the industry's premier analog company, creates high performance analog devices and subsystems. National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, communication interface products and data conversion solutions. National's key markets include wireless handsets, displays, PCs and laptops. The company's analog products are also optimized for numerous applications in a variety of electronics markets, including medical, automotive, industrial, and test and measurement. Headquartered in Santa Clara, California, National reported sales of $1.98 billion for fiscal 2004, which ended May 30, 2004. Additional company and product information is available at www.national.com.
