Nuance Acknowledged Vianix Actions
In the 10-Q filing by Nuance on June 30, 2009 Nuance acknowledged the pending lawsuit by Vianix - on Page 24 you can find the following:
Vianix LLC has filed three legal actions against us, consisting of two breach of contract actions and a copyright infringement claim. It is too early for us to reach a conclusion as to the ultimate outcome or proposed settlement of these actions or to estimate the potential loss that could result from a settlement or adverse judgment against us in these matters. However, we believe that we have substantial defenses against these claims, and intend to defend them vigorously.We do not believe that the final outcome of the above litigation matters will have a material adverse effect on our financial position and results of operations. However, even if our defense is successful, the litigation could require significant management time and will be costly. Should we not prevail, our operating results, financial position and cash flows could be adversely impacted.
In addition to this there is an Antitrust investigation, recently confirmed to be focusing on the potential monopoly following the acquisition of the Philips Speech Engine by Nuance. This represents some significant challenges to the organization which are frequently covered in ASR News from Walt Tetschner
Watch this space!
Labels: Lawsuit, Monopoly, Nuance, Philips Speech Recognition, Vianix