OTHER NEWS - March 4, 1992
From Times Staff and Wire Reports
Minolta Settles Patent Dispute: Minolta Camera Co. announced that it will pay Honeywell Inc. $127.5 million to settle a patent dispute over cameras that automatically focus. The payment includes $96.35 million Minolta was ordered to pay Honeywell last month by a federal jury in a patent infringement lawsuit. Under the agreement, Honeywell grants Minolta a license to manufacture and sell autofocus cameras that include Honeywell technology. Honeywell charged in the federal lawsuit that it shared trade secrets with Minolta in 1979 in exchange for an agreement that a Honeywell autofocus module would be included in Minolta cameras. Minolta broke the agreement in 1985, Honeywell said.
