October 24, 2007
One of the red-meat brethren of corporations clamoring for statutory patent evisceration, Intel, inked a $250 million dollar agreement with Transmeta, settling patent infringement charges leveled in 2006.
Transmeta asserted ten patents against Intel; Intel counterclaimed with seven.
The deal is a broad cross-license for the next ten years, worked out with help from a mediator.
"The agreement is consistent with our long-standing practice of licensing technology for fair value," chirped Intel spokesman Chuck Mulloy.
Posted by Patent Hawk at October 24, 2007 12:24 PM | Patents In Business
Transmeta stock more than doubled on the announcement. Just goes to show how much patents make a difference to a small company.
Posted by: Patent Hawk at October 24, 2007 7:48 PM