04/05/05
Broadwing Communications, which changed its name from Corvis last year, has agreed to pay Ciena $35 million to settle a five year old patent infringement lawsuit. Linthicum-based Ciena (NASDAQ: CIEN), which makes fiber optic equipment, filed a suit against Corvis, based in Columbia, in 2000. A jury sided with Ciena and a judge ordered Corvis to stop selling products that infringed on two Ciena patents. Corvis later appealed. The settlement ends a long court fight between two companies that were once rivals but now do business with each other. In fact, terms of the settlement allow for Broadwing to use up to $33 million of the settlement as credits toward Ciena equipment and services.
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