The Channel logo

News

By | John Oates 14th March 2005 10:38

Microsoft settles Burst.com lawsuit

Patent infringement and 'technology misappropriation'

Microsoft is paying streaming media company Burst.com $60m to settle an ongoing patent lawsuit.

The payment represents a one-off license fee for Microsoft to use the technology in its own products but "does not include sub-licensing".

Burst filed a suit against Microsoft in June 2002 claiming its "Corona" product: "Uses technologies and trade secrets misappropriated from Burst.com".

Burst.com's chief executive Richard Lang said the firm would use the cash to pay its lawyers' bills.

Once the attorneys are paid off the money will be spent in three ways. Firstly $2.8m will be set aside to cover current and long-term liabilities and outstanding debts. Secondly the firm will set up a fund for ongoing legal action against patent infringers and thirdly burst.com will pay out a cash dividend to shareholders.

The firm promised to publish final details of the settlement and Microsoft's patent license on its website when available.

More details on burst.com's website here.®

Related stories

How key Microsoft legal emails 'autodestruct'
Silicon Valley staff 'gloomiest' in US
Microsoft settles six more suits

alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs