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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: Larry Kagan who wrote (13117)5/24/2002 9:29:23 PM
From: Bruce CullenRead Replies (1) of 13157
 
Hard to believe

ACTV Comments on Patent Litigation

NEW YORK, May 24, 2002 /PRNewswire-FirstCall via COMTEX/ -- ACTV, Inc. (Nasdaq: IATV) reported today that the United States District Court for the Southern District of New York has granted summary judgment in favor of defendants The Walt Disney Co., (hahahaahah) and certain of its subsidiaries. Without addressing the validity and enforceability of the three patents in suit, the Court reached summary judgment on non-infringement alone. Consequently, the Court went on to dismiss the case. ACTV filed suit alleging infringement of certain ACTV patents covering the enhancement of television and other programming with synchronous Internet-based functions. ACTV reported that it disagrees strongly with the Court's decision, and it is currently evaluating its options, including an appeal.
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