Nokia announced today that “Viewsonic recently took a royalty bearing license to Nokia’s wireless essential patents for 2G, 3G, 4G and wireless LAN, becoming the latest of more than 40 companies licensed to Nokia standards essential patents”. The immediate effects of this settlement include that two Nokia v. ViewSonic SEP trials scheduled to take place in Mannheim today were canceled, as was the announcement of a ruling on a case that went to trial in March, where the parties already confirmed to the court that they were in settlement talks.
Nokia still has more than 20 cases against ViewSonic in the U.S. and Germany, and the related litigation will continue. But, anyways this settlement will add some nice cash inflow on Nokia’s balance sheet.
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