X

This website uses cookies.

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.

I agree
Learn More
Cool Gadgets, Gizmos, Games and Geek Stuff on Technabob
VISIT OUR OTHER SITES: THE AWESOMER | 95OCTANE

Apple to Pay $100 Million to Creative

by Paul Strauss
Advertisement

Apple and Creative LogosApple and Creative Technology, Ltd. today announced a broad settlement ending all legal disputes between the two companies.

Apple will pay $100 million to license Creative’s patent in all Apple products. Apple can recoup a portion of its payment if Creative is successful in licensing this patent to others. In addition, the companies announced that Creative has joined Apple’s “Made for iPod” program and will be announcing their own iPod accessory products later this year.

Creative filed a lawsuit back in June, alleging that Apple’s popular iPod media players infringed on its patent for the system used to navigate and play music on its Zen media players.

Sim Wong Hoo, chairman and CEO of Creative stated that the $100 million will result in approximately $0.85 in extra earnings per share in the current fiscal quarter. On news of the agreememt, Creative’s stock rose sharply (up about 33%) in after hours trading.

Deals in The Technabob Shop



Steve Jobs Action Figure

Steve Jobs Action Figure

Crazy Bright LED Module

Crazy Bright LED Module

The Poop in My Pants

The Poop in My Pants

Advertisement
2017 Lexus RC200t Review: A Corner-cutting Luxury Coupe

2017 Lexus RC200t Review: A Corner-cutting Luxury Coupe

Stock McLaren 720S Puts Down Trio of Sub-10 Second 1/4 mile Runs

Stock McLaren 720S Puts Down Trio of Sub-10 Second 1/4 mile Runs

The New Tesla Roadster Is Here to Blow Our Minds

The New Tesla Roadster Is Here to Blow Our Minds