An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
December 26, 2011 02:59 pm EDT
Original Link: http://www.engadget.com/2011/12/26/seiko-epson-marks-boxing-day-by-announcing-nokia-lawsuit-settlem/
Seiko Epson marks Boxing Day by announcing Nokia lawsuit settlement, 'extraordinary loss'
With Christmas behind us, it's time to get back to the real world. For Seiko Epson, that means some serious downer news. The company announced today that it has finally opted to settle with Nokia over antitrust lawsuits filed in the US and UK. The company will pay the Finnish handset maker a cool $80 million over the lawsuit, which stems from issues with LCD supply. That sum that will result in an "extraordinary loss" for Q3, according to Epson, though the company has opted not to adjust full-year earnings forecasts. Check Epson's press release after the break.Seiko Epson marks Boxing Day by announcing Nokia lawsuit settlement, 'extraordinary loss' originally appeared on Engadget on Mon, 26 Dec 2011 09:59:00 EDT. Please see our terms for use of feeds.
Permalink | ||CommentsOriginal Link: http://www.engadget.com/2011/12/26/seiko-epson-marks-boxing-day-by-announcing-nokia-lawsuit-settlem/
Share this article:
Tweet
View Full Article
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget