Microsoft settles GPS patent suit with TomTom
By Hercules Kataveli, B2P
Published on Monday March 30, 2009 at 2:29 pm ET
Updated 03-30-09, 2:31 pm ET
Microsoft and TomTom have both sued each other over alleged patent infringement in car navigation GPS systems. The companies have now reach a five-year agreement. Under the terms, TomTom will pay to license eight patents, while Microsoft will be able to use four TomTom patents without any payment. Microsoft said in a written statement, “We are pleased TomTom has chosen to resolve the litigation amicably by entering into a patent agreement,”
 Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected] |
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