James Delahunty
27 Nov 2007 13:13
To follow up on previous coverage of this case, Apple Inc. and Burst.com agreed to settle the patent infringement dispute last week that had been on-going for almost two years. Apple agreed to pay Burst a one-time payment of $10 million cash in exchange for a non-exclusive license to Burst's patent portfolio, not including one issued U.S. patent and 3 pending U.S. patent applications related to new DVR technology.
Burst agreed not to sue Apple for any future infringement of the DVR patent and any patents that might issue from the pending DVR-related applications. The $10 million patent license provides Apple with the right to use Burst's intellectual property in its own technology and products, without further consideration. Burst, however, retains the right to enforce its patent portfolio against others.
Burst continues to seek companies who represent licensing opportunities and intends to diligently pursue those likely to yield suitable returns. The company will not announce specific names of suspected infringing products or companies in advance of negotiating with them or filing litigation to enforce its patent rights.
Source:
Press Release