TINY TRANSMETA (tick: TMTA) picked up a payment of $150 million from chip giant Intel to settle a patent dispute.
But it doesn't end there - Intel will pay an annual licence fee to Transmeta of $20 million a year for the next five years. Transmeta had claimed that Speedstep was its idea, and picked up by Intel illicitly. Other patents were also involved.
Transmeta's market cap was $42 million yesterday. It's share price has risen by $9.65 today.
Transmeta share prices are riding high right now despite being in the doldrums forever. µ
See Also
Intel
countersues Transmeta alleging dirty
hands
Transmeta sues Intel over patents
We were wrong about Transmeta - Intel