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MRVL » Topics » The terms of the settlement are confidential, but it will have no material adverse effect on our business, results of operations, financial condition or cash flows.This excerpt taken from the MRVL 10-Q filed Dec 7, 2005. The terms of the settlement are confidential, but it
will have no material adverse effect on our business, results of
operations, financial condition or cash flows.
We are also party to other claims and litigation proceedings arising in the normal course of business. Although the legal responsibility and financial impact with respect to such claims and litigation cannot currently be ascertained, we do not believe that these matters will result in our payment of monetary damages, net of any applicable insurance proceeds that, in the aggregate would be material in relation to our consolidated financial position or results of operations. There can be no assurance that these matters will be resolved without costly litigation, in a manner that is not adverse to our financial position, results of operations or cash flows or without requiring royalty payments in the future, which may adversely impact gross margins.
This excerpt taken from the MRVL 10-Q filed Sep 8, 2005. The terms of the
settlement are confidential, but it will have no material adverse effect
on our business, results of operations, financial condition or cash flows.
We are also party to other claims and litigation proceedings arising in the normal course of business. Although the legal responsibility and financial impact with respect to such claims and litigation cannot currently be ascertained, we do not believe that these matters will result in our payment of monetary damages, net of any applicable insurance proceeds that, in the aggregate would be material in relation to our consolidated financial position or results of operations. There can be no assurance that these matters will be resolved without costly litigation, in a manner that is not adverse to our financial position, results of operations or cash flows or without requiring royalty payments in the future, which may adversely impact gross margins.
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