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Technology Stocks : ATHEROS (ATHR)

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To: Dexter Lives On who wrote (19)1/19/2011 5:08:16 PM
From: Dexter Lives On of 21
 
Atheros and WiLAN Reach Agreement to End Litigations

01/19/2011

OTTAWA, Canada – January 19, 2011 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that Atheros Communications, Inc. (“Atheros”) and WiLAN have signed a memorandum of understanding which calls for Atheros to take a multi-year license to WiLAN’s patent portfolio and to make a series of payments to WiLAN.

The agreement will include the dismissal of all litigations between the companies in the U.S. District Court for the Eastern District of Texas. WiLAN expects a final definitive agreement to be signed within the next few weeks. Specific financial terms of the agreement reached are confidential.

“WiLAN is very pleased to have reached settlements with industry leaders Intel and Atheros,” said Jim Skippen, Chairman & CEO. “Meaningful discussions are continuing with a number of parties in our Texas litigations and WiLAN is hopeful that it will reach additional settlements.”

About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 240 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G cellular handsets, Wi-Fi-enabled laptops, Wi-Fi/DSL routers, xDSL infrastructure equipment, WiMAX base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 970 issued or pending patents. For more information: www.wilan.com.

wilan.com 
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