Apple, Burst Reach Settlement 74
An anonymous reader writes "In 2005, Microsoft settled Burst's lawsuit for infringements on media player patents for $60 million. Many thought that Apple would be a ripe target next. However, Apple successfully voided 14 out of 36 Burst.com's patent claims in their iPod lawsuit. Apple would have gone after the remaining 22 claims. Today, Market Wire announced that the case was settled out of court: "Apple agreed to pay Burst a one-time payment of $10 million cash in exchange for a non-exclusive license to Burst's patent portfolio, not including one issued U.S. patent and 3 pending U.S. patent applications related to new DVR technology. Burst agreed not to sue Apple for any future infringement of the DVR patent and any patents that might issue from the pending DVR-related applications." The big winner would be the lawyers who reduced the settlement to approximately $4.6 million."
Comment removed (Score:4, Funny)
Re:Money, money (Score:3, Funny)
Shame shame shame
not a loss, maybe a victory? (Score:4, Funny)
I'd call this:
Burst: Pay us $1bn dollars, or we'll take a license off every iPod that you ever sell.
Apple: FOAD. We'll send our lawyer hoards after your patents, dumbasses.
Burst: Pay us! Pay us now!
Apple: OK, how many more of your patents do you want us to wipe off the face of the earth?
Burst: erm, how about $10m?
Apple: Since that's less than our lawyers fees, ok. Don't EVER try that again.