Hewlett-Packard ( HP ) will pay $325 million to EMC Corporation to settle a long-running dispute over data storage patents. The two firms have also signed a five-year agreement to use each others' patents.
The dispute dates back to 2002, when HP sued, accusing information storage producer EMC of infringing on seven of its patents for data storage technology. In response, EMC accused HP of infringing at least six of its own patents.As part of the settlement, HP will pay a net $325 million balancing payment to EMC, which can be satisfied through the purchase for resale or internal use of EMC products over the next five years.Both parties say the settlement is amicable, with neither of them admitting liability. Their spokesmen added that the deal protected their respective intellectual property rights and would benefit their customers.
A consultation to strengthen regulations around fiat-referenced tokens in the Abu Dhabi Global Market (ADGM) is another sign of the free zone’s forward-thinking approach to how it regulates digital currency, an expert has said.
The emergence of AI technologies presents significant opportunities for innovation in the built environment sector, but few organisations are primed to leverage its potential effectively, according to industry experts.
As new figures show that UK cyber attacks are getting more serious Simon Colvin explains how to deal with the vulnerabilities in your supply chain, while David Halliwell applies some Nobel-winning counter-intuition to the economics of legal services.
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