Gemstar-TV Guide Settles Patent Suits
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From Bloomberg News
Gemstar-TV Guide International Inc., a developer of software to run on-screen television program guides, settled patent lawsuits against electronics maker Pioneer Corp. and licensed rights to its technology to Pioneer.
Gemstar said it dropped three patent infringement suits against Pioneer. Pioneer, based in Tokyo, agreed to pay $14 million to Gemstar and drop an antitrust lawsuit.
Gemstar shares rose 4 cents to 7.24 on Nasdaq. Pioneer climbed 64 cents to $27.70 on the NYSE.
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