Settlement Involves Cross-Licensing
of Modem Technology Patents Between the Two CompaniesCHICAGO and MARLBOROUGH, Mass. -- (BUSINESS
WIRE) -- Nov. 24, 2004
PCTEL, Inc., (Nasdaq: PCTI) and 3Com Corporation (Nasdaq: COMS) today
announced that the two companies have settled an intellectual property
dispute pertaining to modem technology patents. The two companies have
been in litigation since March 2003.
Pursuant to the settlement, PCTEL and 3Com will each receive a
license to the other company's modem technology patents that were
asserted in the litigation. Also, as part of the settlement, 3Com has
agreed to business arrangements with PCTEL regarding certain wireless
software and antennas. As a result of the settlement, PCTEL will
reverse $3.2 million of accrued royalties related to 3Com's patent
infringement claims. PCTEL will record the reversal in the current
"We are pleased with this settlement," said Marty Singer, PCTEL's
Chairman and CEO. "A license to 3Com's technology and the opportunity
to enhance business with them represent outstanding consideration for
access to our modem technology. Finally, we are delighted to be a
supplier to 3Com, rather than an adversary, as we move forward with our
Neal D. Goldman, Senior Vice President and General Counsel at 3Com
said, "We are also pleased to have this litigation behind us and to
have received significant value for our modem patents as part of the
settlement. We look forward to a positive relationship with PCTEL."
About 3Com Corporation
3Com is a leading provider of converged voice and data networking
solutions for enterprises of all sizes. 3Com offers a broad line of
innovative products backed by world class sales, service and support,
which excel at delivering business value for its customers. When
customers exercise choice, their choice is 3Com. For further
information, please visit www.3com.com,
or the press site www.3com.com/pressbox.
About PCTEL, Inc.
PCTEL (NASDAQ:PCTI), founded in March 1994, is a global leader in
simplifying mobility. PCTEL's Mobility Solutions' (http://mobilitysolutions.pctel.com)
software tools simplify installation, roaming, Internet access and
billing. PCTEL's RF Solutions' (http://rfsolutions.pctel.com) portfolio of OEM
receivers and receiver-based products are used to measure and monitor
cellular networks. PCTEL's MAXRAD Product Group (http://maxrad.pctel.com)
designs, distributes, and supports innovative antenna solutions that
facilitate and simplify wireless communications. PCTEL protects its
leadership position with a portfolio of more than 130 analog and
broadband communications and wireless patents, issued or pending,
including key and essential patents for modem technology. The company's
products are sold or licensed to wireless carriers, wireless ISPs,
distributors, wireless test and measurement companies, system
integrators, PC manufacturers and PC card and board manufacturers.
PCTEL headquarters are located at 8725 West Higgins Road, Suite 400,
Chicago, IL 60631. Telephone: 773-243-3000. For more information,
please visit our web site at: http://www.pctel.com.
3Com and the 3Com logo are registered trademarks of 3Com
Corporation. All other company and product names may be trademarks of
their respective holders.