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Wednesday, June 29, 2022

The Gloves Come Off on Netlist, Inc. (OTCMKTS: NLST)

Netlist, Inc. (OTCMKTS: NLST) is making a fast move up the charts running of its $0.20 base and emering as one of the top most traded stocks in small caps. NLST does have a history of volotility running to $1.10 in September of last year after the Company announced a favorable claim construction order in ITC Investigation of SK hynix.

The current move is being spurned by word that the Companies long standing IP patent infringment case against google filed back in 2009 may soon bear fruit.

Netlist, Inc. (OTCMKTS: NLST) provides high-performance SSDs and modular memory subsystems to enterprise customers in diverse industries. Flagship products NVvault® and EXPRESSvault™ enable customers to accelerate data in their servers and storage and reliably protect enterprise-level cache, metadata and log data in the event of a system failure or power outage. HybriDIMM™, Netlist’s next-generation storage class memory product, addresses the growing need for real-time analytics in Big Data applications, in-memory databases, high-performance computing and advanced data storage solutions. Netlist also manufactures and provides a line of specialty and legacy memory products to storage customers, appliance customers, system builders and cloud and datacenter customers. Netlist holds a portfolio of patents, many seminal, in the areas of hybrid memory, storage class memory, rank multiplication and load reduction.

Netlist exploded in September after the Company announced a favorable claim construction order in ITC Investigation of SK hynix. The order was favorable to Netlist with regard to both of its asserted patents, U.S. Patent Nos. 9,606,907, and 9,535,623. The Administrative Law Judge (ALJ) sided with Netlist on the key claim construction issues at the heart of the 1089 Investigation.  The claim construction order serves as the framework from which the ITC will ultimately decide if the patents are valid and infringed by SK hynix, and therefore represents a critical juncture in the case.

On April 12, 2018, the ALJ granted SK hynix’s motion for summary determination of non-infringement and terminated the 1089 Investigation. On May 29, 2018, in response to Netlist’s petition, the ITC Commission remanded the investigation back to the ALJ to resolve the parties’ claim construction disputes and continue the investigation. In the claim construction order, the ALJ resolved the parties’ disputes in favor of Netlist on these key issues. Having conclusively established the meaning of the asserted patent claims, the focus now shifts to whether the operation of SK hynix’s products, which is undisputed between the parties, falls within the scope of the claims.

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In May Netlist announced the expansion of its NVMe™ portfolio with the introduction of the NS1552 NVMe M.2 SSD. These next generation SSD drives use leading edge 96-layer 3D NAND technology and world-class controller firmware, optimized to handle the most demanding data center and enterprise application workloads. Mario Martinez, Netlist Senior Director Product Marketing, said, “Building upon the success of our 64-layer SSDs, we continue to expand Netlist’s NVMe portfolio with the introduction of 96-layer NAND M.2 SSDs. The M.2 line provides the speed and endurance customers require to boost performance for emerging caching, streaming, and storage applications.”

The NS1552 NVMe family of M.2 SSDs are NVM Express v1.3 compliant and are warrantied for 5 years. These drives deliver the optimum combination of read and write and low latency performance to handle various transactional workloads expected in data center and enterprise environments. Available form factors include 22x80mm (1TB) and 22x110mm (2TB & 4TB) with capacities ranging from 800GB-3.84TB.

 

Currently trading at a $33 million market valuation Netlist has $6 million in the treasury and significant sales reporting revenues of $14.6 million for the latest quarter up from $5 million for the same period last year. NLST is moving up fast after the Company just won another battle in their decades long campaign to recover damages against $GOOG. With 175 million OS a decent settlement could be significant for shareholders. We will be updating on Netlist when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Netlist.

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Disclosure: we hold no position in NLST either long or short and we have not been compensated for this article.

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