Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Cisco, Samsung In Patent Cross-License Deal

RELATED NEWS
Trade CSCO now with 

Cisco Systems, Inc. (CSCO: Quote) and South Korea's Samsung Electronics Co., Ltd. said Wednesday that they have entered into a patent cross-license agreement, effective immediately.

Both companies gain access to each other's industry-leading patent portfolios under the agreement, which covers a broad range of products and technologies. The mutually beneficial agreement covers the two companies' existing patents as well as those filed over the next 10 years.

This type of patent agreement reduces the risk of potential litigation and instead puts the focus on innovation for future products and services, the companies noted.

"Innovation is stifled all too often in today's overly-litigious environment," said Dan Lang, Cisco's Vice President of Intellectual Property. "By cross-licensing our patent portfolios, Cisco and Samsung are taking important steps to reverse the trend and advance innovation and freedom of operation."

Click here to receive FREE breaking news email alerts for Cisco Systems Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Pharmaceutical giant Pfizer, Inc., which was aspiring to buy British drug maker AstraZeneca Plc, reported Tuesday a profit for the second quarter that plunged 79 percent from last year, which reflected hefty gains from animal health business sales. Total revenues declined 2 percent, as it continued to be hurt by generic competition for major drugs. Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.