July 23, 2008
Sweetness & Light
Courtroom View Network has stopped licking its chops. The very day its $400 per day pay-per-view webcast of the Qualcomm-Nokia courtroom prizefight was to commence, they settle. Worldwide, no complaints now between these two. A 15-year agreement. Essentially, a comprehensive cross-license. Nokia pitches a few patents Qualcomm's way, including ones crucial to cell phone standards, so Qualcomm can muscle others. Nokia pays up-front and on-going royalties, the figures not disclosed. Both parties were gushingly pleased. Patents have a way of bringing companies together.
Posted by Patent Hawk at July 23, 2008 6:12 PM | Patents In Business