Hewlett-Packard agreed on Monday to pay $325 million to EMC in connection with a series of patent infringement lawsuits dating back to 2001. The settlement stipulates that HP will either pay in cash or through the purchase of EMC products, such as the VMware line, during the next five years. The two companies also signed a five-year, cross-license agreement. The two companies have been embroiled in lawsuits since 2001. EMC filed a patent infringement lawsuit against a company called Storage Apps in 2000. HP acquired Storage Apps in 2001 and inherited the lawsuit; EMC won that case in May 2004, but HP appealed. In September 2002, HP sued EMC for software and hardware patent infringement. At the same time, EMC countersued, making similar allegations against HP. Then, in October 2004, HP filed another patent lawsuit against EMC. The agreement announced on Monday settles all the cases between the companies, said EMC spokesman Mark Fredrickson.

Posted by GEN-ERIC at 12:14:57 am into the following categories: In The News

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