Thursday, March 24, 2005

WHOPPER OF THE DAY: Toshiba and a subsidiary were ordered Wednesday to pay Fremont-based Lexar Media more than $380 million in damages for pursuing a flash-memory development deal with Lexar while secretly planning to team up with a rival. A Santa Clara County jury found Toshiba liable for a breach of fiduciary duty and theft of trade secrets related to the memory technology used in digital cameras, music players and other gadgets. Starting today, the panel will consider punitive damages. The company also has a separate patent lawsuit in federal court that it said could result in additional damages.

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