VTEL: Anyone else follow this? Message Board

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Technology Stocks : VTEL: Anyone else follow this?

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To: J L Segal who wrote (1169)	5/26/1999 4:07:00 AM
From: Ray Dopkins	Read Replies (1) of 1214

VTEL CORP said it reached a settlement of litigation between Philips Electronics North America Corp. and VTEL's Compression Labs unit that would cost it less than $900,000. Philips sued Compression Labs in Nov. 1998, asserting damages of over $4 mln, VTEL said. The suit claimed money due from a joint development agreement reached between Philips North America, a unit of Dutch electronics giant ROYAL PHILIPS ELECTRONICS N.V., and the broadcast division of Compression Labs. (Reuters 12:16 PM ET 05/25/99) For the full text story, see infobeat.com

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