3Com to receieve $70 million payment from Realtek as part of patent settlement
Date : 07/14/2008 @ 9:09AM
Source : TFN
Stock : 3 Com Corp (COMS)
Quote : 2.01 0.0 (0.00%) @ 9:03AM
3Com to receieve $70 million payment from Realtek as part of patent settlement
BOSTON (Thomson Financial) - 3Com Corp. said Monday that Realtek Group will
pay it $70 million as part of a settlement regarding the long-standing patent
dispute between the two companies.
On April 9, a jury awarded 3Com $45.3 million for past patent infringement
by Realtek Semiconductor Corp. 3Com filed post-trial motions seeking enhanced
damages and a permanent injunction.
Upon satisfaction of Realtek's obligations under the agreement, the patent
case will be dismissed.
Shares of 3Com, a Marlborough, Mass.-based networking products provider,
closed Friday at $2.01.
Greg Saulnier
gs/tk1
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