Netlist: Plunges on termination of patents probe, brokerage downgrade

Netlist

17/04/2018 14:04

** Chip components maker's shares  NLST.O  plunge 27.8 pct
premarket to $0.18, top pct loser across U.S. exchanges   
    ** Says the U.S. International Trade Commission terminated
an ongoing patent infringement probe against SK hynix
 000660.KS  and said the South Korean chip supplier did not
infringe the patents
    ** Netlist intends to seek review of the Commission's
findings and expects a final determination in next 2-4 months
 urn:newsml:reuters.com:*:nPn8XfJVka
    ** In October, Netlist had sought an investigation against
SK hynix based on the infringement of two Netlist patents
 urn:newsml:reuters.com:*:nPn4HZQpZa
    ** Roth Capital downgrades NLST to "neutral" from "buy" and
lowers PT to $0.25 from $1 reflecting the near-term litigation
headwind
    ** Craig-Hallum trims PT to $0.50 from $1, says NLST has
limited licensing opportunity in the near-term 
    ** Up to Monday's close, NLST shares have fallen ~19 YTD 

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))