Cisco is preparing to dole out a serious chunk of cash to settle its patent lawsuit with Rockstar, a patent-holding company created out of the ashes of Nortel, a Canadian telecom.
The $188-million pre-tax charge was revealed in CIsco’s most recent earnings call, and first reported on Monday by the IAM Blog.
Rockstar, which was created by a group of big tech companies including Apple, first sued Google and its customers in October 2013. In January, it sued several cable companies, saying their cable modems infringed Rockstar patents by using the DOCSIS standard. Cisco intervened in that case the following month.
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