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roni

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roni

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Wednesday, 11/21/2007 5:46:04 PM

Wednesday, November 21, 2007 5:46:04 PM

Post# of 147224
Apple Settles With Burst
SAN FRANCISCO (MarketWatch) -- Burst.com Inc. said Wednesday it has settled a lawsuit filed against Apple Inc. for infringing patents related to technology used to store and transfer video and audio files, and will receive a one-time cash licensing payment of $10 million.

Burst (BRST: 0.55, +0.03, +5.8%) said in a statement that it in turn has agreed not to sue Apple (AAPL: 168.46, -0.39, -0.2%) in the future for infringing patents related to the technology. Burst sued Apple in 2006 for infringing the patents, which it said covered technology used in Apple's popular iPod devices. "Burst plans to continue identifying and evaluating companies who represent licensing opportunities," the company said in the statement. End of Story
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