Silicon Investor (SI) -- The First Internet Community

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 : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: cfimx who wrote (63747)	3/1/2006 8:21:41 AM
From: sixty2nds	Read Replies (1) \| Respond to of 64865

02:11 DSS Quantum and StorageTek enter into patent cross license agreement and settle all legal claims regarding patent infringement litigation (3.57 ) Co announces that they and StorageTek, a wholly-owned subsidiary of Sun Microsystems (SUNW), have entered into a patent cross license agreement and settled all legal claims related to a legacy patent infringement lawsuit StorageTek filed against Quantum before Sun acquired StorageTek in August 2005. Under the cross license agreement, Quantum and StorageTek will have license to a limited number of the other's patents on a nonexclusive, worldwide basis. In addition, as a result of the cross license agreement, Sun has dismissed the StorageTek lawsuit against Quantum, and Quantum has agreed to pay Sun a total of $25 mln -- $20 mln in the current quarter and the remaining $5 mln over the next five quarters.