Friday, August 25, 2006

Good Morning Silicon Valley: To Wong Hoo, thanks for everything, Steve Jobs

Am I the only one who thinks this sort of deal should be illegal?  I hope this backfires on both Apple and Creative.

Creative Technology CEO Sim Wong Hoo may not have won his ambitious MP3 war against Apple, but he got a lovely parting gift [...]

Under its terms, Apple will pay Creative $100 million to license its so-called "Zen patent" on methods for navigating, organizing and accessing music, with Creative agreeing to return a portion of that payment if it should be successful in licensing this patent to others.

Source: Good Morning Silicon Valley: To Wong Hoo, thanks for everything, Steve Jobs

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