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Gillette: No Effect From Verdict

June 18, 2002

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BOSTON (AP) _ Battery and toiletries maker Gillette Corp. said Tuesday a jury verdict awarding $10 million in damages to Syndia Corp. for patent infringement would have no material impact on earnings.

Syndia said a jury in Chicago federal court found that Gillette violated Syndia patents with a process it uses to strengthen its razor blades by coating them with a diamond-like substance.

The jury awarded $10 million in damages for past infringement. Syndia said its attorneys have indicated they will seek permanent injunctions preventing Gillette from selling razors that use the process if it does not agree to a license.

Gillette spokesman Erik Krauss said the decision would have ``absolutely no impact on earnings.″ He said the company was filing a motion for the judge to set aside the verdict and was preparing to appeal if necessary.

He said Gillette disagreed with the decision but ``continues to expect to prevail in this case.″

Gillette shares closed up 2 cents at $35.25 in trading on the New York Stock Exchange.

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