Date: Friday March 3, 2006 10:11:00 am
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Gateway agrees to pay HP $47 million
March 2006 – San Jose (CA): Gateway has agreed to pay $47 million to Hewlett-Packard to settle a series of lawsuits.The agreement ends lawsuits and countersuits that began in March 2004 when HP claimed its rival had infringed five of its patents.
The firms have also entered into a seven-year cross-licensing deal.
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