Samsung to pay $400 million to settle patent infringement dispute

Samsung to pay $400 million to settle patent infringement dispute
Samsung and InterDigital, fleshing out a settlement first agreed to in November, have reached an agreement over a patent dispute. Samsung will pay $400 million dollars to the upstart company. InterDigital claims that their patents allow them to seek licenses from cellphone manuufacturers. They already have signed pacts with a dozen companies including RIM, Apple and LG Electronics. Nokia and Samsung, together representing 60% of the cellphone market, have refused to purchase a license. Samsung was under some pressure to reach an agreement because a trade commission was days away from a decision that could have stopped imports to the U.S. of both the Samsung Instinct and the BlackJack II. Instead, the cellphone maker will pay $100 million dollars four times over the next 18 months to use the patents covering digital technology and high-speed broadband through 2012. When that agreement ends, both sides can agree to terms for Samsung to license the patents. In 2006, InterDigital won a $253 million from Nokia and still has a case pending against the Finnish device maker in fromt of the ITC. Now the question is, what will InterDigital invest in with all of that cash. Any ideas?

source: Digits

FEATURED VIDEO

4 Comments

1. jcom86

Posts: 10; Member since: Jan 09, 2009

4g technology!!!!.... oh if only.

2. docflash

Posts: 2; Member since: Jan 11, 2009

put android on the touch diamond. i'd buy it in a flash. ===>flash

3. t-won50

Posts: 25; Member since: Jan 18, 2009

why would you want to put something second rate on a first rate phone

4. bigfanboyred

Posts: 141; Member since: Jan 17, 2009

CA$H Rulez Everything Around ME! C.R.E.AM.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.