Looks like it will be an interesting morning.. Share Price got hammered today but after close WIN got another MOU with one of the heavyweights... I expect halt to be removed before market opens in the AM... All is good again... LOL
Atheros and WiLAN Reach Agreement to End Litigations
OTTAWA, CANADA, Jan. 19, 2011 (Marketwire) --
Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, today announced that Atheros Communications, Inc. ("Atheros") and WiLAN have signed a memorandum of understanding which calls for Atheros to take a multi-year license to WiLAN's patent portfolio and to make a series of payments to WiLAN.
The agreement will include the dismissal of all litigations between the companies in the U.S. District Court for the Eastern District of Texas. WiLAN expects a final definitive agreement to be signed within the next few weeks. Specific financial terms of the agreement reached are confidential.
"WiLAN is very pleased to have reached settlements with industry leaders Intel and Atheros," said Jim Skippen, Chairman & CEO. "Meaningful discussions are continuing with a number of parties in our Texas litigations and WiLAN is hopeful that it will reach additional settlements."