Extended Systems To Pay $2M To Settle Patent Suit

Law360, New York (March 4, 2004, 12:00 AM EST) -- Extended Systems agreed to make a one-time payment of $2 million to Intellisync to settle the patent infringement lawsuit between the rival makers of synchronization software, initiated by Intellisync in April 2002.

Both companies agreed to settle all claims and terminate litigation proceedings immediately.

In the settlement agreement, Extended Systems will make a one-time payment to Intellisync, formerly known as Pumatech, and receive a license to certain Intellisync patents, the companies said.

This payment covers estimated past and future royalties on revenue related to Extended Systems'...
To view the full article, register now.