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November 7, 2006
Patent battles continue
Now NTP Inc. is going after Palm -- Palm hit by patent suit
Patent holding company NTP Inc. said on Monday it filed a patent infringement lawsuit against Palm Inc., maker of the Treo mobile phone, in a U.S. court, sending Palm shares down more than 7 percent.
The suit alleges that Palm's products and services infringed NTP's patents and seeks recovery of monetary damages resulting from Palm's direct and indirect infringement, the intellectual property firm said in a statement.
Specifically, NTP said it is targeting services and systems primarily used or adapted for use in e-mail systems with radio frequency communications to mobile processors and related services.
A Palm spokeswoman was not immediately available for comment.
NTP said it would prefer to resolve the issue via a negotiated license agreement.
About a $612.5 million agreement? And are these the patents which were already invalidated?
Will Palm be able to fight back in court or is the 7% hit on their stock price already too painful. And how will the e-Bay case that limits the injunctive relief mechanism affect any trial or negotiation strategy?
If this isn't taken by Congress as a real wake up call to fix the patent problem, then nothing is.
Posted by Ken Jarboe at November 7, 2006 8:58 AM
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