Microsoft settles patent case for $60M
InternetNews | at | by Mike
Microsoft agreed Wednesday to pay Imagexpo $60 million to settle a case involving disputed technology used in the Redmond, Wash., giant's NetMeeting product. NetMeeting is an application that let remote users communicate via text, voice or video, and includes collaboration tools to share and edit documents and images.
Microsoft, from the beginning, maintained it independently developed the technology. After the ruling, both parties said certain "unspecified" legal matters needed to be resolved before any money changed hands.