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3Com Corporation
3Com to Receive $70 Million from Realtek to Resolve Patent and Technology Issues
August 2nd, 2008
3Com Corporation (NASDAQ: COMS) announced that on July 11, 2008 3Com and Realtek Group reached an agreement with respect to certain networking technologies of 3Com that will resolve the long-standing patent dispute between the companies. Under the terms of the agreement, Realtek will pay 3Com $70 million, within the next 45 days. On April 9, 2008, a jury in the U.S. District Court for the Northern District of California awarded 3Com $45.3 million for past patent infringement by Realtek Semiconductor Corporation (TSE: 2379). The jury found that all six asserted claims of four 3Com patents for network interface technology were valid and had been infringed by Realtek. 3Com...
Source: Law & Health Weekly (2008-08-02)
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