Apple to pay Creative $100 million to settle patent dispute


	Apple to pay Creative $100 million to settle patent dispute

adamc

8-24-2006 11:21 AM

663 views

tags:

apple, creative, patent, patents, intellectual property, settlement, ipod, zen, digital music

adamc says:

Interesting to note that Creative will start making iPod accessories. They really have no other option -- either you jump on the iPod bandwagon or get left battling away for the tiny slice of market share that remains.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/42593694-85c4-4e36-b463-fb54b03c34af/A10D64A4-EC22-41B7-8793-AFBDC72A6F12/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.apple.com/pr/library/2006/aug/23settlement.html" href="http://www.apple.com/pr/library/2006/aug/23settlement.html" style="font-size: 11px;">www.apple.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.apple.com/pr/library/2006/aug/23settlement.html"><P>
CUPERTINO, California and SINGAPORE – August 23, 2006 – Apple® and Creative Technology, Ltd. today announced a broad settlement ending all legal disputes between the two companies.  Apple will pay Creative $100 million for a paid-up license to use Creative's recently awarded patent in all Apple products.  Apple can recoup a portion of its payment if Creative is successful in licensing this patent to others.  In addition, the companies announced that Creative has joined Apple's "Made for iPod" program and will be announcing their own iPod® accessory products later this year.
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"Creative is very fortunate to have been granted this early patent," said Steve Jobs, Apple's CEO. "This settlement resolves all of our differences with Creative, including the five lawsuits currently pending between the companies, and removes the uncertainty and distraction of prolonged litigation."
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