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To: StocksMan who wrote (20179)1/5/2004 5:08:04 PM
From: StocksMan  Read Replies (1) | Respond to of 20297
 
eBay and Tumbleweed Resolve Patent Dispute

Monday January 5, 5:00 pm ET

SAN JOSE and REDWOOD CITY, Calif.--(BUSINESS WIRE)--Jan. 5, 2004--eBay Inc. (Nasdaq:EBAY - News) and Tumbleweed Communications Corp. (Nasdaq:TMWD - News), today jointly announced they had agreed to settle the patent lawsuit initially filed by Tumbleweed against PayPal and eBay on May 7, 2002 and September 5, 2002 respectively. The companies agreed to dismiss the pending lawsuit, including PayPal's counterclaims, and have entered into a patent cross-licensing agreement, the terms of which were not disclosed.

"We are pleased to be able to put our differences behind us," said Jeffrey C. Smith, Tumbleweed's CEO and Chairman. "Our bigger opportunity is to work cooperatively with eBay in combating e-commerce fraud," he added.

"With this lawsuit behind us, we look forward to working with Tumbleweed and others in the industry to develop effective email security solutions, including anti-phishing technology," said Howard Schmidt, eBay's Chief Information Security Officer.

About Tumbleweed Communications Corp.

Tumbleweed is a leading provider of mission-critical Internet communications software products for enterprises, financial services organizations and government. By making Internet communications secure, reliable and automated, Tumbleweed's email firewall, secure file transfer, secure email, and identity validation solutions help customers significantly reduce the cost of doing business. Tumbleweed products are used by millions of end-users and tens of thousands of corporations. Tumbleweed customers include ABN Amro, Bank of America Securities, Catholic Healthcare West, JP Morgan Chase & Co., The Regence Group (Blue Cross/Blue Shield), Society for Worldwide Interbank Financial Telecommunication (SWIFT), St. Luke's Episcopal Healthcare System, the US Food and Drug Administration, and the US Navy and Marine Corps. Tumbleweed Communications was founded in 1993 and is headquartered in Redwood City, Calif. For additional information about Tumbleweed go to www.tumbleweed.com or call 650-216-2000. . .

biz.yahoo.com