EMC and HP settle longstanding patent dispute

Quoting from SAP Info:


After four years of patent disputes, Hewlett Packard and EMC have agreed to amicably dismiss all claims and counterclaims with no admissions of liability.

As part of the settlement, HP will pay a net $325 million balancing payment to EMC which the company can satisfy through the purchase for resale or internal use of EMC products, such as the VMware product line, over the next five years. EMC and HP have also signed a five-year patent cross-license agreement. HP sued EMC for allegedly infringing at least seven HP patents as regards data storage. EMC countersued with at least six infringement claims against HP. Paul Dacier, EMC senior vice president and general counsel, said the company is pleased with the agreements.

?This resolution allows EMC to protect our substantial intellectual property investments and patent portfolio while serving the best interests of our customers,? he said. ?Upon completion, we expect to have a business relationship that will provide the customers of both companies with additional choices and technology that can accelerate their adoption of information lifecycle management.? Joe Beyers, vice president of intellectual property licensing at HP, said the deal ?recognizes the strength of both companies? intellectual property portfolios.? While both companies said they expect the settlement to strengthen their partnership and reselling arrangement, no details were disclosed.