MaxLinear, Inc. (NYSE: MXL), a leading provider of integrated radio frequency (RF) and mixed-signal integrated circuits for broadband communications applications, the connected home, and data center, metro, and long-haul transport network applications, announced today that the U.S. International Trade Commission (ITC) has terminated Investigation No. 337-TA-910, requested by Cresta Technology (Cresta). The ITC issued its Final Determination finding that MaxLinear did not violate Section 337 of the Tariff Act of 1930, as amended, a result in favor of MaxLinear and MaxLinear’s customers.
The Administrative Law Judge (ALJ) found in an Initial Determination released February 27, 2015 that no violation was committed by MaxLinear or its customers. The decision was reviewed by the full ITC commission, which has now adopted that bottom-line determination and ended the investigation.
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others, statements that suggest or imply the outcome of pending litigation between Cresta Technology and MaxLinear, including pending litigation in the United States District Court for the District of Delaware, which litigation is currently stayed subject to completion of the ITC investigation. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. Forward-looking statements are based on management’s current, preliminary expectations and are subject to various risks and uncertainties. Intellectual property litigation involves inherent risks and uncertainties as well as substantial cost and expense and the potential for diverting management’s time and attention. The ITC’s Final Determination is subject to appeal to the United States Court of Appeals for the Federal Circuit, and we do not yet know when or whether the Final Determination will be appealed. In addition, we cannot predict the outcome of the litigation pending before the United States District Court in Delaware. If intellectual property litigation with Crestatech or another third party were to be resolved adversely to us, it could have a material adverse effect on our business, operating results and financial condition; could subject us to substantial damages or require significant expense to develop non-infringing products, technologies, or processes; or require us to enter into licensing or cross-licensing agreements that could adversely affect our business and operating results. In addition to these risks and uncertainties, investors should review the risks and uncertainties contained in our filings with the Securities and Exchange Commission (SEC), including our most recent Annual Report on Form 10-K, as amended by Amendment No. 1 filed with the SEC on March 12, 2015 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2015. Additional risks, uncertainties, and other information will be contained in our Quarterly Report on Form 10-Q for the quarter ending September 30, 2015.
MaxLinear, Inc. is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communication and data center, metro, and long-haul transport network applications. MaxLinear is located in Carlsbad, California, and its address on the Internet is www.maxlinear.com.
MXL is MaxLinear’s registered trademark. Other trademarks appearing herein are the property of their respective owners.