PALO ALTO, USA: OPTi Inc. announced that it has entered into License Option Agreements with Atmel Corp. and Broadcom Corp., and a licensing agreement with Standard Microsystems Corp.
On July 2, 2007, the Company announced that it filed a complaint against eight defendants in the United States District Court for the Eastern District of Texas, for infringement of two U.S. patents. The patents at issue in the lawsuit were US patent No. 5,944,807 and US patent No. 6,098,141, both entitled “Compact ISA-Bus Interface.”
The complaint alleged that the parties infringed the patents by making, selling, and offering for sale products based on and incorporating the Low Pin Count Interface Specification and inducing and contributing to the infringement of the patents by others.
The Company had previously announced that it had reached Standstill Agreements with Atmel, Broadcom and SMSC in regards to the Compact-ISA Bus Interface litigation. The Standstill Agreements also granted Atmel, Broadcom and SMSC an option to purchase a license from OPTi for an additional license fee at the close of the litigation against all of the remaining defendants in the lawsuit.
The litigation against all remaining defendants in the Compact-ISA Bus Interface litigation was settled on April 30, 2010.
In exchange for granting the licenses to Atmel and Broadcom pursuant to each of their respective License Option Agreements, the Company received payments of $25,000 and $1,000,000, respectively. SMSC exercised its right to license the technology for $100,000.
Wednesday, July 14, 2010
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