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NTIP

Network-1 Technologies

16:50
10/04/16
10/04
16:50
10/04/16
16:50

Network-1: Polycom to pay $5M license initiation fee as part of settlement

Network-1 Technologies announced that it agreed to settle its patent litigation against Polycom pending in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of Network-1's Remote Power Patent. Polycom was one of sixteen original defendants named in the litigation. Under the terms of the settlement, Polycom will license the Remote Power Patent for its full term which expires in March 2020, and pay a license initiation fee of $5M for past sales of its Power over Ethernet products. In addition, Polycom will pay ongoing royalties based on its sales its PoE products, including those PoE products which comply with the Institute of Electrical and Electronic Engineers 802.3af and 802.3at Standards. $2M of the license initiation fee will be paid within 30 days and the balance will be paid in three annual installments of $1M beginning in October, 2017. Payments due in October 2018 and October 2019 need not be paid if all asserted claims of the Remote Power Patent have been found invalid.

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ANET

Arista Networks

$94.41

-1.35 (-1.41%)

, CSCO

Cisco

$30.06

0.11 (0.37%)

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Arista Networks

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CSCO

Cisco

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0.11 (0.37%)

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  • 12

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TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

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DV

DeVry

$31.90

0.9 (2.90%)

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

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Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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CVM

CEL-SCI

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-0.0014 (-1.17%)

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

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Exxon CEO Tillerson emerges as top candidate for secretary of state, WSJ says »

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

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BIIB

Biogen

$287.77

-1.77 (-0.61%)

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SNY

Sanofi

$40.40

0.63 (1.58%)

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Sanofi to lay off 20% of U.S. diabetes, cardiovascular staff, Bloomberg says »

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

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TACO

Del Taco

$14.75

-0.39 (-2.58%)

17:34
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Breaking Hot Stocks news story on Del Taco »

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UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

Baxalta

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Univar names Eric Foster chief information officer »

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UNVR

Univar

$26.36

0.54 (2.09%)

BXLT

Baxalta

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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Breaking Hot Stocks news story on Parnell 

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

, NVRO

Nevro

$76.38

-1.88 (-2.40%)

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Boston Scientific files patent infringement suit against Nevro »

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

NVRO

Nevro

$76.38

-1.88 (-2.40%)

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RTN

Raytheon

$146.30

0.14 (0.10%)

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Raytheon awarded $101.9M government contract »

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CX

CEMEX

$8.77

-0.16 (-1.79%)

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CEMEX receives subpoena from SEC regarding Foreign Corrupt Practices Act »

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PDEX

PRO-DEX

$4.48

0.034 (0.76%)

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Breaking Syndicate news story on PRO-DEX »

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PFBX

Peoples Financial

$14.50

-0.5 (-3.33%)

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QUIK

QuickLogic

$0.94

-0.0163 (-1.71%)

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Breaking Syndicate news story on QuickLogic »

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STRZA

Starz

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BEL

Belmond

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Breaking Syndicate news story on Belmond »

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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Breaking Hot Stocks news story on Parnell »

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

Shake Shack

$38.08

0.82 (2.20%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

SHAK

Shake Shack

$38.08

0.82 (2.20%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, LXFT

Luxoft

$54.40

-1.8 (-3.20%)

16:44
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Breaking Hot Stocks news story on Morgan Stanley, Luxoft »

Morgan Stanley reports…

MS

Morgan Stanley

$43.73

0.15 (0.34%)

LXFT

Luxoft

$54.40

-1.8 (-3.20%)

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

16:44
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H.B. Fuller announces restructuring plan »

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