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Old 03-02-2011, 06:44 PM   #1
Dulin's Books
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B&N Settles With Spring Design- Aquires license for patent & patent apps

And just a few days after Spring Design closed down Alex. Can't be a coincidence. The death of Alex must come as part of the settlement with B&N gaining the license(s)

http://techcrunch.com/2011/03/02/bar...%20(TechCrunch)

Quote:
03/02/2011

Barnes & Noble, Inc. Settles Litigation with Spring Design

New York, NY – March 2, 2011 – Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller, today announced that it has settled a lawsuit brought against the Company by Spring Design, Inc. Spring Design initiated legal action against Barnes & Noble in November 2009, in the United States District Court for the Northern District of California, in connection with Spring Design’s Alex eReader.

Under the terms of the settlement agreement, Spring Design will grant Barnes & Noble a non-exclusive, paid-up royalty free license for the entire portfolio of Spring Design patents and patent applications. The terms of the settlement are otherwise confidential. The settlement agreement announced today resolves all claims brought by Spring Design, which will be dismissed with prejudice.

Eugene V. DeFelice, Vice President, General Counsel and Secretary of Barnes & Noble, Inc., said, “We are pleased to put this matter behind us. NOOK Color™ and NOOK™, together with Spring Design’s patents and patent applications, have become two of our most innovative and highly-sought after devices. Barnes & Noble is pleased to add Spring Design’s patents and patent applications as a complementary addition to our rapidly growing digital portfolio.”
http://www.barnesandnobleinc.com/pre...ng_design.html
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Old 03-02-2011, 06:49 PM   #2
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Wow. Definitely sheds light.
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Old 03-02-2011, 07:29 PM   #3
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Well, that's one problem out of the way.

Now they just have to deal with dwindling in-store sales, paying for the transition to digital, ticking off investors over eliminating the dividend, finding a way to go private....
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