NASDAQ:INTC - Why Does Intel Corp Continue to REFUSE to Disclose Liability over iViewit Technology Scandal?

"Intel Corporation Announces New Patent Cross License Agreement With NVIDIA Corp. IA Pending Litigation Also Settled

Monday, 10 Jan 2011 04:10pm EST

Intel Corporation announced that it has entered into a new comprehensive long term patent cross license agreement with NVIDIA Corp.

The companies have also resolved pending litigation in Chancery Court in Wilmington, Del., ending all outstanding legal disputes between the companies.

This agreement ends the legal dispute between the companies, preserves patent peace and provides protections that allow for continued freedom in product design.

Under the transaction, Intel receives a license to NVIDIA’s patents subject to the terms of the agreement.

NVIDIA receives a license to Intel’s patents subject to the terms of the agreement, including that x86 and certain other products are not licensed to NVIDIA under the agreement. Intel and NVIDIA have also exchanged broad releases for all legal claims, including any claims of breach of their previous license agreement.

Intel will pay NVIDIA $1.5 billion over the next 5 years. This obligation will be recognized as a liability totaling approximately $1.4 billion, on a discounted basis. "

Source

http://www.reuters.com/finance/stocks/keyDevelopments?symbol=INTC.O&pn=2

More on the Intel Corp - NASDAQ:INTC - and iViewit Technologies

http://www.paulotellini.info/

http://intelcorruption.blogspot.com/