Feeds

Symantec pays $62.5m to settle patent lawsuit

In-transit scanning

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Symantec yesterday paid $62.5 million to settle a long-running patent lawsuit with Michigan-based security firm Hilgraeve.

As part of the settlement for a patent involving in-transit scanning for malicious code (US Patent Number 5,319,776), Symantec also received licences to the remaining patents in Hilgraeve's portfolio, including patents related to data communications.

John W Thompson, Symantec chairman and CEO, said in a statement: "In-transit scanning of multiple security signatures is a must-have component of an effective security solution and by purchasing this patent we are making sure that Symantec's products, technologies and customers are protected today and in the future."

According to a statement on Hilgraeve's site, the firm has being in dispute with McAfee and Symantec (the world's two biggest AV firms) over alleged infringement of its in-transit scanning patent since 1997.

Symantec will take a one-time charge for the settlement resulting in a downward adjustment of its previously announced Q1 2004 net income by $9.5 million, resulting in revised net income for the quarter ending July 4 2003 of $59 million.

The security software firm's previous guidance for Q2 2004 remains unaltered by the Hilgraeve deal. Symantec expects its income to peg out at between $375 to $395 million for Q2 2004. ®

Related Stories

Windows HyperTerminal surrenders your box
Symantec gains heuristic patent
McAfee files patents for security as a service
Symantec under attack over security patents
Trend gets security patent for Java code defence

Choosing a cloud hosting partner with confidence

More from The Register

next story
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
Hackers thrash Bash Shellshock bug: World races to cover hole
Update your gear now to avoid early attacks hitting the web
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.