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Cognos Settles Patent Suit

Cognos Inc. will pay $24 million to settle a lawsuit
Cognos Inc. will pay $24 million to settle a lawsuit in which Business Objects SA claimed that Cognos' Impromptu query and reporting software violated a patent Business Objects holds on a method for accessing relational database information. Cognos will take a $23.2 million charge against its earnings for fiscal 2002 to cover the cost. Despite the settlement, Cognos denies Business Objects' claims.

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