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HP Gets $47 Million From Gateway In Patent Dispute
HP filed suit in 2004 and 2005, claiming infringement on 27 PC patents.
1 Min Read
Hewlett-Packard will get $47 million from Gateway Inc. in the settlement of patent litigation that dates back two years.
Gateway will pay HP $25 million within seven business days, and an additional $22 million will be paid within the next year. HP and Gateway will also enter into a limited cross-license agreement.
HP initiated lawsuits against Gateway and eMachines (which merged with Gateway two years ago) in 2004 and 2005, claiming infringement on 27 of HP's PC patents. In a counterclaim, Gateway asserted 13 patent claims against HP. As a result of the settlement, all legal proceedings will be dismissed.
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