Samsung Electronics Co has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung's LED televisions, Nanoco and an investor in its cases said Friday. Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a license agreement and the "transfer of certain patents," resolves litigation in the United States, Germany and China. Samsung and Nanoco told a Texas federal court on the eve of a trial last month that they had agreed to settle the dispute, but no terms were disclosed at the time.
The day before I left, news broke that Renault and Nissan had finally reached an agreement to reconfigure their 20-plus-year relationship. When the Franco-Japanese alliance was forged in 1999, the driving force behind most global auto deals was size. Pressure was mounting on car manufacturers to reach a certain scale — the idea that a company needed to produce at least 4mn vehicles a year just to survive was widely accepted, at least among industry’s top management.
Shares of Micron Technology (NASDAQ: MU) were down as much as 5% on Tuesday before rebounding slightly to a 3.1% decline as of 10:48 AM EDT. While Micron's stock is known to be volatile, today's move was especially notable, as most of the technology sector was up for the day. The reason behind the decline isn't hard to figure out; last night, Korean rival Samsung (OTC: SSNL.F) released its fourth-quarter earnings.