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In David vs. Goliath Case, Intel to Pay $250 Million to End Patent Suit
Intel Corp. agreed Wednesday to pay $250 million to settle a patent infringement suit that struggling chipmaker Transmeta Corp. -- with a legal department of two -- filed last year against the Silicon Valley titan, which employs 240 in-house lawyers. In return for paying $150 million up front and the rest over five years, Intel gets a perpetual nonexclusive license to all of Transmeta's patents and patent applications.