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Palm, 3Com Ordered to Post $50 Million Bond in Xerox Patent-Infringement Case.

Business Wire

| February 25, 2002 | COPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business & Legal Editors

ROCHESTER, N.Y.--(BUSINESS WIRE)--Feb. 25, 2002

Following a December ruling that Xerox Corporation's (NYSE: XRX) Unistrokes(R) patent is valid and was infringed by Palm Inc. and 3Com Corp.'s handheld electronic organizers, the U.S. District Court on Feb. 22 ordered Palm and 3Com to post a $50 million bond with the court.

Palm and 3Com are appealing the judge's Dec. 20, 2001, ruling for Xerox's patent validity. Should Xerox prevail on that appeal, the $50 million bond "will ensure that Xerox is able to collect at least some, if not all, of the damages it will suffer as a result of 3Com's infringement during the appeal…

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Source: HighBeam Research, Palm, 3Com Ordered to Post $50 Million Bond in Xerox...

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