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Intel Takes $250M License To Settle Patent Spat

Law360 (October 24, 2007, 12:00 AM EDT) -- Transmeta Corp. announced Wednesday that it has settled its patent dispute with Intel Corp., granting Intel a $250 million license to its patent portfolio and bringing a lawsuit between the companies over power management technology to an end.

"We are very pleased to have reached this agreement with Intel," said Transmeta CEO Les Crudele. "We believe that this arrangement will create value for Transmeta stockholders both by realizing immediate financial value for our intellectual property rights and by supporting our technology development and licensing business going...
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