ESST-the new beginning. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ESST-the new beginning.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SemiBull who wrote (3460)	6/12/2003 9:16:12 PM
From: SemiBull	Read Replies (1) of 3493

ESS claims legal victory over MediaTek By Semiconductor Business News Jun 12, 2003 (10:38 AM) URL: siliconstrategies.com FREMONT, Calif. -- ESS Technology Inc. today (June 12) announced an out-of-court settlement with MediaTek Corp. in Taiwan. Last year, ESS filed a lawsuit alleging Taiwanese optical chip designer MediaTek infinged copyright of the DVD firmware used within ESS' chips. Under the terms of the confidential settlement agreement, both sides will terminate all claims against each other and MediaTek will receive a non-exclusive worldwide license to ESS's proprietary DVD user interface and other key DVD software. As part of this agreement, ESS and its affiliates will receive a one-time license fee of $45 million, plus ongoing royalties with a lifetime cap of $45 million. The maximum total payments under this agreement are $90 million.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next