3Com Corp. (COMS) Awarded $70 Million in Patent Infringement Settlement
3Com Corp. (Nasdaq: COMS) provides secure, converged voice and data networking solutions. The company today announced an agreement with Realtek Group that puts an end to a lengthy patent dispute between the companies and put millions of dollars back in the bank for 3Com. Per the agreement, Realtek will pay 3Com $70 million within the next 45 days, concluding an argument regarding certain networking technologies. Neal D. Goldman, executive vice president, chief administrative and legal officer of 3Com, said the settlement will allow Realtek to utilize 3Com’s technology legally. "We are very pleased with the terms of our agreement with…