AST, Texas Instruments reach pact to cross-license.
In a press release, AST said that under its six-year agreement with Texas Instruments, the companies will cross-license each other's patents with periodic balancing royalties paid by AST to Texas Instruments.
Texas Instruments could not be reached for comment by press time.
AST Research filed a lawsuit in January 1994-alleging Texas Instruments failed to grant it certain "benefits" AST obtained when it bought Tandy Corp.'s PC operations in July 1993.
AST said in its suit that it acquired the option to pay reduced patent royalty rates to Texas Instruments. AST also charged that certain Texas Instruments patents were invalid or inapplicable, and that Texas Instruments was allegedly infringing AST patents.
Separately, AST confirmed it is in discussions with certain parties, including Samsung Electronics Co., regarding a potentially significant minority investment in AST and possible strategic business arrangements.
In a press release, the company said it doesn't intend to comment further on the talks until either an agreement has been reached or the talks have been terminated.
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|Title Annotation:||AST Computer|
|Publication:||HFN The Weekly Newspaper for the Home Furnishing Network|
|Article Type:||Brief Article|
|Date:||Feb 20, 1995|
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