SI
SI
discoversearch

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.
Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?


To: sheila rothstein who wrote (194)6/29/1998 8:37:00 AM
From: Ben Antanaitis  Read Replies (3) | Respond to of 10072
 
SR,

The whole story:
www1.newsalert.com

Some significant excerpts:
In the settlement, Nomai agreed that Iomega patents, trademarks, copyrights and trade secrets are valid and enforceable and that it had reproduced certain Iomega protected software in reverse engineering work for use in the manufacture of its XHD and DUO cartridges without authorization from Iomega. As such, Nomai has agreed not to license, manufacture or market anywhere in the world its XHD or UO cartridges without authorization from Iomega, or any other products that may infringe Iomega's intellectual property at issue in the litigation.

and

As the settlement discussions progressed," continued Sierk, "we learned that Nomai had a strong research and development team and certain technology under development, including a low-cost 2GB removable cartridge drive, a CD-RW drive and DVD technology, that could provide synergies to both companies."

Will this help IOM? I think so!

Ben A.



To: sheila rothstein who wrote (194)6/29/1998 11:51:00 AM
From: Gottfried  Read Replies (2) | Respond to of 10072
 
Sheila, Nomai will stop making their cartridges. Why they get $3M
for their mfg process I don't know. After all, Iomega has
their own. Expediency, I guess.

news.com

What will this $29M charge do to this quarter's earnings?

GM