Forgent Networks has settled its lawsuit concerning the so-called JPEG patents for $8 million, a fraction of what the company initially sought. The company, an intellectual property firm that licenses communications technology and software for business meetings, announced on Wednesday that it has reached a settlement with all of the remaining claims in the cases involving U.S. patent number 4,698,672.
Finally, this ridiculous case is over! This is only one pin down for Forgent though, as they are now actively suing cable companies over a patent for technology inside video recorders. I am in the process of patenting the act of sneezing. So you may not want to cook with pepper for a while.