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Technology Stocks : ESST-the new beginning. -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (3460)	6/12/2003 9:16:12 PM
From: SemiBull	Read Replies (1) \| Respond to 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.