Timeline and Cognos Settle Patent Dispute
Friday February 13, 4:00 pm ET
BELLEVUE, Wash.--(BUSINESS WIRE)--Feb. 13, 2004--Timeline Inc. (OTCBB:TMLN - News), a data management and reporting technology firm, today announced it has settled its pending patent dispute with Cognos, Inc., a world leader in business intelligence and corporate performance management solutions, and its U.S.-based subsidiary, Cognos Corporation. Each company has agreed to dismiss with prejudice its claims in the patent infringement suit brought by Timeline against Cognos. Under the settlement agreement, Cognos will pay Timeline a settlement totaling $1.75 million and license certain of its patents. Neither party has admitted to any liability under or validity of the patents.
About Timeline
Timeline develops, markets and supports proven, Microsoft Windows-based financial management reporting software suitable for complex applications such as those found in medium to large, multinational corporations. Timeline Analyst was developed for Windows and Office and takes full advantage of Microsoft's latest operating systems. Timeline can be reached at 800-342-3365 or on the web at www.timeline.com. WorkWise Software, Inc., a subsidiary of Timeline, is the leading provider of event-based notifications, application integration and process automation systems to the mid-market. The WorkWise solutions are exclusively available through authorized OEM and Reseller Business Partners. For more information on WorkWise Software, Inc., visit its website at www.workwise.com. Analyst Financials Ltd., a London-based subsidiary of Timeline, markets, licenses and provides consulting for Timeline Analyst products in Europe and Africa.
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Contact:
Timeline, Inc.
Charlie Osenbaugh, CEO
Paula McGee, Investor Relations
425-822-3140 |
