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4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  TPK Holding Co., Ltd.    3673   KYG898431096

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Taiwan TPK Filed Patent Suits in China Court Against Nokia, Few Others

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01/09/2013 | 10:53am CEST
    By Aries Poon 
 

TAIPEI--Taiwanese touch-panel maker TPK Holding Co. (>> TPK Holding Co., Ltd.) said Wednesday it filed in a Chinese court two lawsuits, against Nokia Corp. (>> Nokia Oyj) and a few other Chinese companies, seeking damages and production halts for infringing one of its patents.

TPK said in a statement the patent involved in both lawsuits, already accepted by Xiamen Intermediate People's Court in southern China, is the "conductor pattern structure of capacitive touch panel." TPK said the technology allows all conductive elements to be on the same layer, making a touch panel thinner.

TPK said one lawsuit is against Nokia and its assembler Compal Communications Inc. (>> Compal Communications, Inc.) and retailer Xiamen Fuxia Suning Corp. The other lawsuit is against Shenzhen O-film Tech Co. (>> Shenzhen O-film Tech Co., Ltd.), a touch panel maker, and its retailer Xiamen Zhongbo Trade Co.

The Taiwanese touch-panel maker said it is seeking damages of 26.9 million Chinese yuan ($4.28 million) from the Nokia case and another CNY60.6 million from the O-film case. It is also asking the two groups to stop using, manufacturing or selling the phones and touch panels in dispute.

Nokia's spokesman on legal matters, Mark Durrant said: "Nokia has become aware of the case and will study the claims made. Nokia will take whatever steps necessary to defend itself."

Compal and O-film weren't immediately available for comment, while Xiamen Fuxia and Xiamen Zhongbo couldn't be immediately contacted.

-Sven Grundberg contributed to this article.

Write to Aries Poon at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ( TWD)
Sales 2017 102 692 M
EBIT 2017 2 791 M
Net income 2017 2 968 M
Debt 2017 9 670 M
Yield 2017 1,12%
P/E ratio 2017 11,94
P/E ratio 2018 11,99
EV / Sales 2017 0,43x
EV / Sales 2018 0,35x
Capitalization 34 837 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 87,5  TWD
Spread / Average Target -13%
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NameTitle
Yi Hua Chung General Manager & Director
Chao Jui Chiang Chairman
Shih Liang Liu CFO, Head-Accounting, Spokesman & IR Contact
Heng-Yao Chang Director & Deputy General Manager
Shin-Ming Liu Director & Deputy General Manager
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