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Posts with tag settle

Vonage, Nortel call a truce -- no cash changing hands

Although the press release issued to announce the settlement between Vonage and AT&T earlier this month is still the shortest we've seen in all of 2007, we're pretty certain the one doled out to trumpet the truce between Vonage and Nortel is holding down the two-spot. In just five wee sentences, we learn that the two have agreed in principle to end the litigation pending between 'em, and though no cash will be changing hands, the agreement does involve a limited cross license to three patents per firm. Way to put the past behind before entering into the new year, we say.

Apple and Cisco settle! iPhone name to be used by both

Here's one we didn't exactly see coming (at least not like this): Apple and Cisco have settled that "silly" lawsuit, with Apple agreeing to guarantee the exploration of "interoperability in the areas of security, and consumer and enterprise communications" according to the WSJ. We don't know exactly what that means, but it doesn't sound fantastic for Jobs, who we're sure wanted to have exclusivity over the name without cutting a partnership with Cisco, and didn't want to have to pay a red cent for it. But this does sound a lot like what Cisco wanted initially from Apple, and might possibly wind up in some kind of SIP / VoIP solution that allows iPhones and iPhones to communicate. Apparently both will make use of the trademark in the market (i.e. Apple's and Cisco's iPhones will both continue to be iPhones), and all's well that ends non-litigious.

[Thanks, Nick and Jay]

Samsung coughs up $90 million more for DRAM price-fixing

If you (or Samsung) thought this whole "DRAM price-fixing disaster" was finished, apparently that's just not the case anymore, as it looks like the semiconductor giant will be coughing up an additional $90 million "to settle litigation brought by 41 US states pertaining to Samsung's alleged participation in a global DRAM price-fixing conspiracy." Yes, the company has already been hit with a $300 million fine and watched a trio of its own execs hit the big house, but this $90 million is supposed to "benefit victims that paid artificially high prices for personal computers and other high-tech equipment that contained the chips." Additionally, it was stated that $10 million was reserved for the states and localities to "recover their losses," while the other chunk would be split amongst the throngs of "consumers and other victims." No other details about the payout were mentioned, and while it wasn't stated for certain, we can assume that this final penalty will indeed be the last, but all this grief that Samsung has received most likely has all those other potential price fixers squirming.



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