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DATAPOINT ANNOUNCES AGREEMENT WITH NORTHERN TELECOM TO SETTLE PATENT LITIGATION SUIT

 DATAPOINT ANNOUNCES AGREEMENT WITH NORTHERN TELECOM
 TO SETTLE PATENT LITIGATION SUIT
 SAN ANTONIO, Aug. 5 /PRNewswire/ -- Datapoint Corporation (NYSE: DPT) today announced that it reached an agreement in principle to settle the patent litigation brought against it by Northern Telecom Inc.
 The settlement, which is subject to the approval of both companies' boards of directors and Datapoint's senior lenders, provides for a cash payment of $5 million, a 120-day interest-free note for $2.5 million, a 10-year interest-free secured note for $10 million payable in equal annual installments of $1 million each, and contingent payments based on Datapoint's profitability. The contingent payments are to be up to a maximum of $12.5 million, in annual installments to be calculated at 33-1/3 percent of Datapoint's pre-tax annual profits in excess of $10 million in each of Datapoint's next 10 fiscal years commencing with the current fiscal year.
 Datapoint, a leader in networking Information Technology -- information processing, personal computing, telephone services, and videoconferencing -- markets its products and services in 42 countries worldwide as part of its Open Systems Networking (OSN) strategy.
 NOTE: Datapoint and the "D" logo are registered trademarks of Datapoint Corporation.
 -0- 8/5/92
 /CONTACT: Ross Laughead of Datapoint Corporation, 512-593-7504/
 (DPT) CO: Datapoint Corporation; Northern Telecom Inc. ST: Texas, Tennessee IN: CPR SU:


TM -- NY079 -- 7247 08/05/92 16:10 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 5, 1992
Words:225
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