DABOSS.Re: OT:Transmeta settles patent suit/ oh heck, up a mere 234%
posted on
Oct 24, 2007 09:03AM
What I find astounding is that this was a settlement, not a jury award, so apparently INTEL figured this was a better deal than risking a trial by jury.
Now imagine the $25 billion flash market and a piece of that pie.
Intel Agrees to Pay $250 Million To Settle Transmeta Patent Fight
By Mike Barris
Word Count: 278 | Companies Featured in This Article: Transmeta, Intel
Transmeta Corp. said it reached an agreement with chip giant Intel Corp. that settles a patent dispute in exchange for payments totaling $250 million. Shares of Transmeta more than tripled on the news.
Under the deal, Intel will pay Transmeta $150 million upfront and $20 million a year for the next five years. Intel will also ...
