Friday, December 02, 2005

Austin's Forgent Networks Losses Deepen

Via The Austin Business Journal.

Austin's Forgent Networks Inc., which develops and licenses intellectual property and makes scheduling software, reported a hefty loss for the first quarter of fiscal 2006, as revenue dropped by more than 40 percent.

Forgent still has federal litigation pending against nearly 40 companies for infringement of the company's JPEG-related photo patent, also known as the '672 patent.

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