March 28, 2005 – Toshiba Corp. said Friday it will fight a decision by a Silicon Valley jury that found it guilty of stealing trade secrets from Lexar Media Inc. in a suit over flash memory used in digital cameras, music players, and other devices.
“Toshiba believes that the verdict rendered by the jury was in error, and we plan to pursue all available legal avenues to correct it,” Toshiba said in a statement, which came after the jury in the California Superior Court in San Jose found Toshiba and its US unit, Toshiba America Electronic Components Inc., liable for $465 million for misappropriating NAND flash memory-related trade secrets and other misconduct.
“Flash memory remains a strategic product for Toshiba, and one in which Toshiba owns the original technologies. Toshiba will continue to strongly promote its NAND flash business,” the Japanese electronic giant said. Toshiba said it has no plans now to revise its earnings projections for the current fiscal year ending March 31 due to the flash memory dispute.