Posted on 14-Sep-2004 08:04.
Filed under: News
Microsoft and Sendo have announced that a settlement has been reached in the litigation between the two companies, both in respect of the Claim and the Counterclaim. Although the monetary component and terms of the settlement are confidential, Microsoft will surrender its shareholding in Sendo. In reaching this settlement, all parties deny any and all liability. The terms of the settlement are otherwise confidential.
Robert Pocknell, Sendo's Group General Counsel, stated that the settlement reinforces Sendo's commitment to the protection of its intellectual property. "With this action behind us, the company can now focus on its future development and growth."
Tom Burt, Microsoft's corporate vice president and deputy general counsel said that, having reached this agreement, "We're pleased with this resolution and look forward to continuing to collaborate with phone manufacturers to bring innovative products to mobile customers."
Sendo filed suit against Microsoft after the launch of their jointly developed Z100 multimedia phone was called off. In the original suit, Sendo said that Microsoft used tactics to receive market and technology knowledge it didn't have access to before the venture.