Kodak and Sun Microsystems Settle Lawsuit; Sun to Pay Kodak $92 Million as Part of Agreement
Kodakannounced today that it and Sun have reached a tentative agreement to settle a lawsuit filed by Kodak regarding a software architecture based on the Java computer language.
On October 1, 2004, a federal jury determined that Sun infringed three Kodak patents. Kodak filed suit in February 2002.
Pending the signing of a final agreement, Sun will pay Kodak $92 million cash in return for a license for the patents at issue. Additional details were not disclosed.
"We achieved our goals in this case, which was to protect our intellectual property rights," said Willy Shih, Kodak senior vice president. "We are pleased that the Court has validated these fundamental Kodak patents and we now look forward to building a more productive relationship and continued collaboration with Sun, with whom we have enjoyed a close partnership for nearly two decades."
Pending the signing of a final agreement, Sun will pay Kodak $92 million cash in return for a license for the patents at issue. Additional details were not disclosed.
"We achieved our goals in this case, which was to protect our intellectual property rights," said Willy Shih, Kodak senior vice president. "We are pleased that the Court has validated these fundamental Kodak patents and we now look forward to building a more productive relationship and continued collaboration with Sun, with whom we have enjoyed a close partnership for nearly two decades."
