The dispute dates back to 2002, when
HP
sued,
accusing information storage producer
EMC
of
infringing on seven of its patents for data storage technology. In
response,
EMC
accused
HP
of infringing at
least six of its own patents.
As part of the settlement,
HP
will pay a net $325
million balancing payment to
EMC
, which can be
satisfied through the purchase for resale or internal use of
EMC
products over the next five years.
Both parties say the settlement is amicable, with neither of
them admitting liability. Their spokesmen added that the deal
protected their respective intellectual property rights and would
benefit their customers.
