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 : GSCN - General Scanning -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (138)	6/23/1998 10:16:00 PM
From: Thomas C. Donald	Read Replies (2) \| Respond to of 167

Grommit: That case was settled last week: General Scanning and Robotic Vision Systems Settle View Acquisition Litigation PR Newswire, Monday, June 15, 1998 at 08:44 NEW YORK, June 15 /PRNewswire/ -- General Scanning Inc. (NASDAQ:GSCN) and Robotic Vision Systems, Inc. (NASDAQ:ROBV) ("RVSI") today jointly announced execution of a settlement of RVSI's claims arising out of General Scanning's acquisition of View Engineering, Inc. ("View") in August 1996. RVSI claimed that General Scanning used improperly obtained information in connection with the acquisition. General Scanning denied all such claims. Under the agreed upon settlement, General Scanning has agreed not to compete for ten years in the inspection of interconnect leads of semiconductor packages as described below. Under the settlement, General Scanning licenses to RVSI its 2D and 3D vision technology solely and exclusively for RVSI's use in the inspection of leads, pins, balls, bumps and other present and future device interconnection leads. In consideration for the technology license and non-competition agreement, RVSI agreed to pay General Scanning $3.75 million. RVSI's remaining patent suit against General Scanning is unaffected by the current settlement.