Wednesday, December 20, 2006

Visto court doubles damages and awards attorney fees

On April 28, 2006, a Texas jury ruled that SEVEN Networks willfully infringed Visto's intellectual property, awarding Visto Corporation with a royalty rate of 19.75% (not a typo) of SEVEN’s infringing products’ revenue, or about $3.6 million.

Today (12/20/06) Visto announced that the U.S. District Court for the Eastern District of Texas issued its final judgment awarding Visto double damages ($7.7 million) plus costs and attorneys’ fees for SEVEN Networks’ willful infringement of Visto’s patented intellectual property.

Daniel Méndez, Co-Founder, EVP and Chief Technology Officer apparently has a heart of gold and graciously asserts that is wasn't about the gold . . .

“We are very pleased with the judge’s decision, although this case was never about monetary damages for Visto. It was, and is, about protecting the rights of inventors and ensuring that innovative mobile email products remain accessible to all consumers around the world."
The judge also granted a permanent injunction against SEVEN Networks, which will be stayed pending appeal.

Here's more dirt at Patent Prospector.

Ramboids plug Visto-like numbers into Fred Hager's projections and pass out . . .

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