Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Global-Tech Appliances to Appeal SEB Patent Infringement Ruling
Oct 26, 2007
 Printable format
 Email this Article
 Search

Global-Tech Appliances Inc., manufacturer and marketer of floor care and small household appliances under the brand names  DeLonghi, Dirt Devil, Electrolux, Eureka, Pentax, and Sunbeam, said it will appeal a final judgment that it infringed upon a patent.

John C.K. Sham, the company's President and CEO, said, "We have faith in the U.S. legal system and intend to aggressively and vigorously pursue an appeal to have any final judgment reversed or significantly reduced. In addition, we believe that our position will eventually prevail during the appellate process."

Mr. Sham concluded, "We have already accrued $4.65 million in connection with this litigation and plan to accrue an additional $3.7 million which, if reflected in the first quarter results of fiscal 2008, would add to the anticipated net loss for the quarter. This litigation, being related to kitchen appliances, is not expected to have a material impact on our future business and growth prospects."

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows