2/21/1983 - Woosaki (WOO) - CORPORATE ANNOUNCEMENT
Woosaki (WOO) confirmed that it lost a criminal suit in U.S. court yesterday. The company was convicted and fined $24,000 for stealing computer design secrets from National Commerce Utilities (NCU). No employees will serve jail time but the verdict is seen as a major publicity victory for NCU.
About Woosaki (WOO):
From high-tech to heavy machinery, Woosaki is a manufacturer of both electronics components and industrial equipment. The company makes mainframes, semiconductors, workstations, elevators and escalators, power plant equipment, and also metals, wire, and cable. Woosaki produces a range of consumer goods, including audio and video equipment, refrigerators, and washing machines.