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| HP appeals patent dispute ruling, takes 2Q charge | WASHINGTON (AFP) - Hewlett-Packard said Friday it has appealed a court decision in a patent dispute with Cornell University and expects to take a charge of one to two cents in the second quarter.
The Palo Alto, California-based computer maker said it would appeal a March 30 ruling by a US District Court reducing to 53 million dollars a jury award of 184 million dollars to Cornell and the Cornell Research Foundation.
"HP will be increasing its reserve to reflect the latest developments in the case and expects to record a one to two cent charge to second quarter fiscal year 2009 earnings per share," HP said in a statement.
The patent dispute involves allegations that HP?s PA-8000 microprocessors, and servers and workstations using the processors, infringed a patent held by Cornell.
A federal jury found in June of last year that HP infringed on a Cornell patent for a computer instruction-processing technique invented by H.C. Torng, a Cornell professor emeritus of electrical and computer engineering.
In its statement Friday, HP said the patent in dispute expired in February 2006 and the litigation would not affect future sales of HP products. | | 2009-04-11 06:48:14 |
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