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Article: Canon's U.S. Court Loss Could Cost It Millions; The court's decision comes as a major setback and perhaps an embarrassment for Tokyo-based Canon, the third-biggest patent owner in the United States.
- Article from:
- eWeek
- Article date:
- February 28, 2007
- Author:
CopyrightCopyright (c) 2007 Ziff Davis Media Inc. All Rights Reserved. Originally appearing in eWEEK.com. Provided by ProQuest LLC. (Hide copyright information)
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TOKYO-When Canon Inc. was sued by a small, money-losing U.S. technology firm two years ago, the dispute was over a patent license that had cost the Japanese electronics giant a one-time payment of $5.6 million.
But now that the lawsuit has caused Canon to lose the license, a fresh agreement with Texas-based Nano-Proprietary Inc. could be worth millions of dollars more, lawyers said.
Last week a U.S. court ruled against Canon, saying the company breached its deal with Nano-Proprietary by trying to share the flat display technology with Toshiba Corp.
The court's decision comes as a major setback and perhaps an embarrassment for Tokyo-based Canon, the third-biggest patent owner in the ...