Netlist Inc - NLST stock
Introduction[edit]
Netlist, Inc. (OTC: NLST) is a US-based technology company that engages in the design, manufacture, and sale of memory subsystems for the computing and communications markets. The company offers a wide range of products used by companies interested in superior data storage, analysis, and protection across a myriad of industries. Its portfolio of products includes embedded flash, include storage class memory, non-volatile memory, specialty DIMMs, and NVME SSD. The firm markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. It uses a direct sales force and a network of independent sales representatives to market and sells its products. Netlist, Inc. was founded by Chun Ki Hong, Christopher Lopes, and Jayesh Bhakta in June 2000. The company is headquartered in Irvine, California. The company’s common stock trades on OTMKTS under the ‘NLST’ ticker symbol.[1]
Business and Operations[edit]
Netlist provides high-performance modular memory subsystems to the world’s premier OEMs. It specializes in hybrid memory – the merging of DRAM and NAND flash raw materials to create memory solutions. The company manufactures patented memory technologies that advance superior performance and high density employed from database to enterprise applications. The firm’s services touch diverse industries that hunt for superior memory performance to facilitate critical business decisions in the current data-propelled economy. Netlist holds a significant number of patents in areas of hybrid memory, storage class memory, rank multiplication, load reduction, and more. The company wholly owns and operates ISO- and OSHAS-certified manufacturing and testing facilities in Suzhou, China.[2]
It's NVMe SSDs in various capacities and form factors, and the line of custom and specialty memory products servers and storage appliances serve customers and cloud service providers. The company also licenses its intellectual property, including patents, to interested companies that apply its technology. Netlist's portfolio of technologies and design techniques also includes Distributed Buffer Architecture, which enables the buffering of data signals along the bottom edge of the memory module using multiple data buffer devices distributed between the edge connector and the DRAM. A summary of its commercially available subsystem products and other products sold incorporate Component and Other Product Resales, Storage Class Memory, and HybriDIMM. Netlist resells component products, including solid state drive (SSDs), NAND flash, and DRAM products to storage customers, appliance customers, system builders, and cloud and data center customers.[3]
Legal Actions[edit]
Samsung[edit]
Netlist filed a patent infringement claim against Samsung in December 2021 in the United States District Court for the Eastern District of Texas. Netlist initiated action against Samsung's material breaches of the parties' Joint Development and License Agreement. The company asserted six of its patents in legal action. A claim construction hearing is in place and set for October 14, 2022. A trial is already scheduled to start on May 1, 2023. Netlist announced on June 14, 2022, that the Court issued an order granting in part Netlist's motion for associated attorneys' fees and expenses.[4] A final judgement was made in 2023 upholding damages of $303,150,000 awarded by a jury. In 2024 Samsung's post trial motions were denied by the court effectively ending the litigation.[5]
Netlist reported on August 3 that the court had issued an Order granting in part Netlist's motion for dismissing Samsung's First Amended Complaint and denying Samsung's request to file a Second Amended Complaint. The court further provided a written opinion supporting the Order and dismissed Samsung's Counts IV, V, VI, VII, X, and XI from the case. The dismissal bars Samsung from filing separate action against Netlist’s asserted patents. Samsung is further barred from its alleged obligation to protect Google from the ‘912 Patent in Delaware. The company consequently withdrew its Motion to Sever and Stay the case against Netlist in the Eastern District of Texas.[6]
Micron Technology[edit]
In a separate patent infringement lawsuit, Netlist was awarded $445 million from Micron Technology.[7]
- ↑ wsj.com/market-data/quotes/NLST/company-people – Wall Street Journal. Accessed on 10/8/2022.
- ↑ Netlist.com. About Netlist – Netlist Official Company Website. Retrieved on 7/26/2024. Archive link.
- ↑ cnbc.com/quotes/NLST?tab=profile – Company Details – CNBC News website. Retrieved on 10/8/2022
- ↑ Netlist Receives Sanctions Award Against Samsung – Yahoo Finance. Accessed on 10/9/2022.
- ↑ EQS News. Netlist Secures Order Finalizing $303 Million Damages Award Against Samsung. July 24, 2024. Archive link.
- ↑ NETLIST RECEIVES FAVORABLE ORDER AGAINST SAMSUNG IN US DISTRICT COURT – Netlist Press Releases. Retrieved on 10/92022
- ↑ Reuters. Micron hit with $445 million US verdict in Netlist patent trial. May 12, 2024.
OTC Symbol: NLST | OTC Tier: OTCQB
