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Tuesday, July 20, 2004
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Microsoft pays to end Lindows suits!
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Microsoft will pay upstart Linux seller Lindows $20 million to settle a long-running trademark dispute, according to a regulatory document filed Monday.
In exchange for the payment, Lindows--which recently renamed most of its products "Linspire" to work around European trademark suits--will give up the Lindows name and assign related Web domains to Microsoft, according to the registration statement Lindows filed with the Securities and Exchange Commission.
"We are pleased to resolve this litigation on terms that make business sense for all parties," Lindows CEO Michael Robertson said in a statement. "Over the next few months, Lindows will cease using the term Lindows and transition to Linspire globally as our company name and primary identifier for our operating system product."
Tom Burt, vice president and deputy general counsel for Microsoft, said in the statement that agreement meets Microsoft's goals for protecting the Windows name. "We are pleased that Lindows will now compete in the marketplace with a name distinctly its own," he said.
Read the whole story at News.com (press Source link!) |
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