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NetApp, Oracle Agree To End Patent Litigation - Update

Storage Solutions provider NetApp (NTAP: Quote) Thursday said it has mutually agreed to end its three year long patent litigation with Sun Microsystems, which Oracle Corp. (ORCL: Quote) acquired earlier this year.

Following the deal, both NetApp and Oracle has agreed to dismiss the lawsuits without prejudice, but kept the terms of the deal undisclosed.

The dispute between NetApp and Sun started back in 2007 when NetApp sued Sun seeking damages for infringing on seven its patents related to data processing systems and softwares.

NetApp also sought an injunction to prevent Sun from providing products based on ZFS file system that was alleged infringing on NetApp's technology.

The suit was widely considered as a retaliation to Sun's claims that NetApp infringed on three of its disk virtualization patents, which Sun gained when it acquired StorageTek.

NTAP is currently trading at $46.84, up $0.39 or 0.84%, on a volume of 2.26 million shares.

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by RTT Staff Writer

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