Intel Agrees to Settle Intergraph Patent Suit
Intel Corp. said it had agreed to pay $225 million to settle claims that its Itanium chips for business computers infringed the patents of Intergraph Corp.
The agreement brings to $675 million the amount that Intel has paid or agreed to pay to Intergraph to conclude the six-year dispute.
As part of the latest deal, Intergraph agreed to drop its claims against Dell Inc., which was named in a separate lawsuit against PC makers that use Intel chips.
Intergraph said it would continue to pursue cases against Hewlett-Packard Co. and Gateway Inc.
Intel shares fell 26 cents to $27.43, while Intergraph rose $3.28 to $23.67. Both are listed on Nasdaq.