Ericsson (ERIC)and Samsung have reached an agreement on global patent licenses between the two companies. The cross license agreement covers patents relating to GSM, UMTS, and LTE standards for both networks and handsets
Online PR News – 27-January-2014 – Las Vegas, NV – Ericsson (ERIC) and Samsung have reached an agreement on global patent licenses between the two companies. The cross license agreement covers patents relating to GSM, UMTS, and LTE standards for both networks and handsets. This agreement ends complaints made by both companies against each other before the International Trade Commission (ITC) as well as the lawsuits before the U.S. District Court for the Eastern District of Texas. The agreement includes an initial payment and ongoing royalty payments from Samsung to ERIC for the term of the new multi-year license agreement. The initial payment in the agreement will impact ERIC sales and net income in Q4 2013 by SEK 4.2 billion (US$652 million) and SEK 3.3 billion (US$512 million) respectively. ERIC expects that the initial payment in the agreement will impact its operating cash flow in the beginning of 2014. ++ (US$1 = 6.4421 Swedish crowns) The details of the agreement are confidential and will not be disclosed. Information of the financial impact of the initial payment on ERIC's Q4 2013 results will be included in its Q4 2013 earnings report. ERIC is a world-leading provider of communications technology and services. More about Ericsson (ERIC) at www.ericsson.com
Companies have begun to merge business technologies and solutions, such as cloud computing, with social networking concepts. Instead of connecting individuals based on social interest, companies are developing interactive communities that connect individuals based on shared business needs or experiences. Crown Equity Holdings (CRWE) is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market. CRWE is currently developing a social networking service and phone app, CRWE Network (www.CRWE-PR.com), that is designed to target all the communities in every state of the United States, with its geographic focus starting in Southern California and Las Vegas Nevada, and all the communities in every state of Canada, starting in Montreal (www.montrealcanada.crwe-pr.com). CRWEâs business plan is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, rÃ©sumÃ©s, and discussion forums. CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher. More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com.
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