After losing its case in Germany, HP decides it won't win in the USA. The powerhouse corporation agrees to pay Intergraph US$141 million, according to the Associated Press.
HP pays the big bucks to settle all patent claims by Intergraph within 5 days of signing the agreement. The two companies will shut down all pending law suits -- and there were quite a few that HP filed with its software patents against Intergraph.
In addition, the two companies agree to cross-license each other's patents:
* HP gets licenses to all of Intergraph's patents.
* Intergraph gets licenses to all of HP's patents that are relevant to Intergraph's current line of software.
It'll be interesting to see if HP continues to hold on to its CAD software patents, or passes them on to CoCreate.
Intergraph has made $860 million in pretax income over the last two years on its intellectual property. The law suit with HP cost Intergraph about $11 million.