RE: Other patent infringement-RESULTS
posted on
Aug 04, 2006 07:54AM
``In exchange for the Company agreeing to dismiss its lawsuit against nVidia and the grant to nVidia of a non-exclusive, non-assignable license under the OPTi patents at issue in the October 2004 claim, nVidia will make initial payment of $10,000,000 to OPTi for the license grant and $1,000,000 for a fully paid-up license on the Compact ISA-Bus Interface patents within 5 business days. The Company is also to receive quarterly royalty payments of $750,000 each from nVidia, commencing in February, 2007 and continuing so long as nVidia continues to use the Company`s Predictive Snooping technology up to a maximum of 12 such payments. As an alternative to the quarterly royalty payments, at any time prior to or on January 31, 2008, nVidia can elect to per-pay to OPTi a lump sum of $7 million less any quarterly royalty payments already paid to termination their obligation to pay the quarterly royalties.``