HTC And Apple Have Settled, And This Is Basically Good For Everyone
On Saturday evening, HTC and Apple issued a joint press releaseindicating the two companies had settled their ongoing legal slapfight. Under a confidential 10-year licensing arrangement, they have agreed to what essentially amounts to a rigid patent ceasefire. Even future patents are covered under the deal (there obviously will be exceptions to any deal, but that’s the gist).
Immediately, most people assumed HTC was getting hosed. Then, HTC rep Jeff Gordon issued a slightly cryptic but factually vital statement, saying HTC “does not expect this license agreement to have any adverse material impact on the financials of the company.”