Microsoft To Pay SPX $60 Million - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

Microsoft To Pay SPX $60 Million

The maker of transformers, antennas, and industrial equipment says Microsoft will pay by Tuesday; a month ago, a jury found Microsoft guilty of misusing some of SPX's software.

SPX Corp. says Microsoft has agreed to pay it $60 million by Tuesday on its claim that Microsoft had infringed on its patents for conferencing technology.

Last month, a jury in Richmond, Va., had found against Microsoft, maintaining that the company had misused software from SPX's Imagexpo unit. The software was embedded as NetMeeting Whiteboard features in various Microsoft products, SPX had maintained.

"The $60 million is payable by Dec. 30, 2003, and will be reduced by legal and other expenses associated with this lawsuit," SPX said in a statement. The jury had awarded $62.3 million in its verdict in November.

When the jury verdict was announced, there were reports that the award amount could be tripled, because the jury determined the use of the software in question by Microsoft was intentional. Microsoft maintained it had developed the software independently and asked that the SPX patents be invalidated.

SPX, a manufacturer of transformers, antennas, and industrial equipment, reported $3.63 billion in revenue for the first nine months of 2003.

SPX also said Monday that it will pay down $200 million of its outstanding loans on Wednesday.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Get Your Enterprise Ready for 5G
Mary E. Shacklett, Mary E. Shacklett,  1/14/2020
Commentary
Modern App Dev: An Enterprise Guide
Cathleen Gagne, Managing Editor, InformationWeek,  1/5/2020
Slideshows
9 Ways to Improve IT and Operational Efficiencies in 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/2/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll