COMPAQ, UNOVA Settle Patent Dispute.Business Editors HOUSTON & WOODLAND HILLS, Calif.--(BUSINESS WIRE)--May 7, 2001 Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. (NYSE NYSE See: New York Stock Exchange :CPQ) and UNOVA, Inc. (NYSE:UNA) today announced a settlement of their year-long patent dispute. Terms of the settlement are confidential. Both companies have been engaged in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. since February 2000 when UNOVA filed a claim against Compaq regarding UNOVA's smart battery and power management patents. Compaq filed a counterclaim alleging patent infringement by UNOVA and a separate patent infringement suit, in Houston. About Compaq Compaq Computer Corporation, a Fortune Global 100 company, is a leading global provider of technology and solutions. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs that are sold in more than 200 countries. Information on Compaq and its products and services is available at http://www.compaq.com. About UNOVA/Intermec: UNOVA's Intermec Technologies division is a leader in global supply chain solutions and in the development, manufacture and integration of wired and wireless automated data collection, Intellitag(R) RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. (radio frequency identification See RFID. ) and mobile computing systems. The company's products and services are used by customers in many industries to improve productivity, quality and responsiveness of business operations, from supply chain management and enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. to field sales and service. According to the May 2001 Patent Scorecard, published by Technology Review magazine, an MIT MIT - Massachusetts Institute of Technology Enterprise, UNOVA ranked 20th on a list measuring the relative strength of patents from the world's leading computer companies. UNOVA, Inc. has more than 771 U.S. Patents issued, and more than 400 patent applications pending. |
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