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Celestron settles with Meade
From Businesswire.com 7/8/2004:
IRVINE, Calif. & TORRANCE, Calif.--(BUSINESS WIRE)--July 8, 2004--Meade Instruments Corp. (Nasdaq:MEAD) and Celestron Acquisition, LLC announced that they have reached an agreement under which all outstanding litigation between the parties has been mutually resolved. Under the terms of the agreement, Celestron acknowledges the validity of Meade's claims to two utility patents, including the "level-North" alignment technology for computerized telescopes, as well as a patented architecture by which several microprocessors in a computerized telescope optimally communicate with one another. In connection with the agreement, Meade acknowledges the validity of Celestron's claim to two design patents and one utility patent covering certain telescope tripods and mounts. Celestron also transfers to Meade ownership of a patent that Celestron originally claimed to cover "level-North" technology. The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. [continued] http://home.businesswire.com/portal/... 8&newsLang=en |
#2
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Celestron settles with Meade
Did Celestron just get scr#^ed ?
Do you think JMI has to pay Meade for 'level-north' ? Hasn't 'level-north' been around for a few hundred years ??? Eric. Edward wrote: From Businesswire.com 7/8/2004: /snip/ The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. http://home.businesswire.com/portal/... 8&newsLang=en |
#3
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Celestron settles with Meade
Did Celestron just get scr#^ed ?
Do you think JMI has to pay Meade for 'level-north' ? Hasn't 'level-north' been around for a few hundred years ??? Eric. Edward wrote: From Businesswire.com 7/8/2004: /snip/ The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. http://home.businesswire.com/portal/... 8&newsLang=en |
#4
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Celestron settles with Meade
Let's see...
Yes. Maybe...precedence has now been set. It sure has (BTW, I have a patent in the work for wiping your a$$ so expect to be paying me royalties soon...same validity as Meade's BS patent ;-) Cheers, Jeff "Eric" wrote in message news:rKGIc.38245$eO.18215@edtnps89... Did Celestron just get scr#^ed ? Do you think JMI has to pay Meade for 'level-north' ? Hasn't 'level-north' been around for a few hundred years ??? Eric. Edward wrote: From Businesswire.com 7/8/2004: /snip/ The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. http://home.businesswire.com/portal/... 8&newsLang=en |
#5
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Celestron settles with Meade
Let's see...
Yes. Maybe...precedence has now been set. It sure has (BTW, I have a patent in the work for wiping your a$$ so expect to be paying me royalties soon...same validity as Meade's BS patent ;-) Cheers, Jeff "Eric" wrote in message news:rKGIc.38245$eO.18215@edtnps89... Did Celestron just get scr#^ed ? Do you think JMI has to pay Meade for 'level-north' ? Hasn't 'level-north' been around for a few hundred years ??? Eric. Edward wrote: From Businesswire.com 7/8/2004: /snip/ The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. http://home.businesswire.com/portal/... 8&newsLang=en |
#6
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Celestron settles with Meade
Did Celestron just get scr#^ed ?
Welcome to America, land of 'not what is right vs. wrong, but land of who has the money to buy the best lawyers'!! If your not use to it by now, you better prepare yourself. Actually, it sounds like they both had bites take out of them, Celestron's was a bigger bite but both took a hit. F Marion |
#7
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Celestron settles with Meade
Did Celestron just get scr#^ed ?
Welcome to America, land of 'not what is right vs. wrong, but land of who has the money to buy the best lawyers'!! If your not use to it by now, you better prepare yourself. Actually, it sounds like they both had bites take out of them, Celestron's was a bigger bite but both took a hit. F Marion |
#8
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Celestron settles with Meade
With all the "Grant" giving it sounds to me like they have found a way to
practically merge w/o all the federal unfair advantage and monopoly B.S. CraigW;o) "Edward" wrote in message nk.net... From Businesswire.com 7/8/2004: IRVINE, Calif. & TORRANCE, Calif.--(BUSINESS WIRE)--July 8, 2004--Meade Instruments Corp. (Nasdaq:MEAD) and Celestron Acquisition, LLC announced that they have reached an agreement under which all outstanding litigation between the parties has been mutually resolved. Under the terms of the agreement, Celestron acknowledges the validity of Meade's claims to two utility patents, including the "level-North" alignment technology for computerized telescopes, as well as a patented architecture by which several microprocessors in a computerized telescope optimally communicate with one another. In connection with the agreement, Meade acknowledges the validity of Celestron's claim to two design patents and one utility patent covering certain telescope tripods and mounts. Celestron also transfers to Meade ownership of a patent that Celestron originally claimed to cover "level-North" technology. The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. [continued] http://home.businesswire.com/portal/...iewId=news_vie w&newsId=20040708005268&newsLang=en |
#9
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Celestron settles with Meade
With all the "Grant" giving it sounds to me like they have found a way to
practically merge w/o all the federal unfair advantage and monopoly B.S. CraigW;o) "Edward" wrote in message nk.net... From Businesswire.com 7/8/2004: IRVINE, Calif. & TORRANCE, Calif.--(BUSINESS WIRE)--July 8, 2004--Meade Instruments Corp. (Nasdaq:MEAD) and Celestron Acquisition, LLC announced that they have reached an agreement under which all outstanding litigation between the parties has been mutually resolved. Under the terms of the agreement, Celestron acknowledges the validity of Meade's claims to two utility patents, including the "level-North" alignment technology for computerized telescopes, as well as a patented architecture by which several microprocessors in a computerized telescope optimally communicate with one another. In connection with the agreement, Meade acknowledges the validity of Celestron's claim to two design patents and one utility patent covering certain telescope tripods and mounts. Celestron also transfers to Meade ownership of a patent that Celestron originally claimed to cover "level-North" technology. The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. [continued] http://home.businesswire.com/portal/...iewId=news_vie w&newsId=20040708005268&newsLang=en |
#10
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Celestron settles with Meade
Eric wrote:
Did Celestron just get scr#^ed ? Not Celestron. WE just got screwed. Every "unit" we buy will be $100 more expensive, in order to pay Meade their pound of flesh. Do you think JMI has to pay Meade for 'level-north' ? Hasn't 'level-north' been around for a few hundred years ??? Eric. Edward wrote: From Businesswire.com 7/8/2004: /snip/ The settlement includes a non-exclusive licensing agreement under which, effective August 15, 2004, and continuing for the life of the patent, Meade will grant Celestron a license to utilize Meade's patents. Celestron will pay to Meade royalties equal to the greater of $100-per-unit or 8% of Celestron's net revenue from sales of all telescopes that utilize the "level-North" technology. Celestron in turn grants Meade royalty-free, non-exclusive licenses for the rights to use the designs and technology covered by Celestron's patents. http://home.businesswire.com/portal/... 8&newsLang=en |
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