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05/15/07

Online retailer Amazon.com and IBM settled all their patent-infringement lawsuits and signed a long-term patent cross-license agreement, the companies said Tuesday. Under the deal, Amazon.com will pay International Business Machines Corp. an undisclosed amount of money, and each company will shares some of their technology. Amazon.com Inc. spokeswoman Patty Smith said the settlement will not affect financial results and that Amazon.com has already factored the money into its financial guidance for the second quarter and full fiscal year.

Posted by GEN-ERIC at 12:08:09 am into the following categories: In The News


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