Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Cisco, Samsung In Patent Cross-License Deal

RELATED NEWS
Trade CSCO now with 
2/5/2014 6:16 PM ET

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
New home sales in the U.S. unexpectedly showed a substantial decrease in the month of March, according to a report released by the Commerce Department on Wednesday, with sales falling to their lowest level in eight months. The report said new home sales plunged 14.5 percent to an annual rate of 384,000 in March from the revised February rate of 449,000. Euro area's government deficit shrunk last year to match the EU target, while public debt rose and remained above the official ceiling, figures from the Eurostat showed Wednesday. The shrunken government deficits suggest that euro area might be leaving behind the worst troubles of the financial crisis,... Following the strong upward move seen over the past few sessions, stocks may give back some ground in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 6 points.
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.