Cisco Agrees to Suspend Suit Against Huawei
From Associated Press
Signaling movement toward a settlement, networking equipment giant Cisco Systems Inc. agreed to halt for six months its lawsuit accusing China’s Huawei Technologies Co. of copying Cisco’s proprietary technology.
As part of the agreement, Huawei will not distribute routers and other switching products that copy Cisco’s equipment. Other terms of the agreement were not disclosed.
Shares of Cisco closed at $20.20, up 61 cents, on Nasdaq.
