Forgent Networks Inc. said it will get a total of $20 million from companies including Motorola Inc. and Comcast Corp. (CMCSA) under a settlement of part of a patent suit over digital video recorders.
Forgent said in a regulatory filing that it has settled with nine of the 15 companies it sued in federal court in Texas. The patent, which is being reconsidered by the U.S. Patent and Trademark Office, is for a computer-controlled video system that allows playback during recording, Forgent has said.
The company said it will ``vigorously defend the validity'' of the patent ``as well as pursue any entities that violated'' the patent. Austin, Texas-based Forgent reported $14.9 million in sales last year, of which $12.1 million was licensing revenue from its patents.
The companies that settled include Cable One Inc., Charter Communications Inc. (CHTR), Comcast STB Software DVR LLC, Coxcom Inc., Digeo Inc., Scientific-Atlanta Inc. and Time Warner Cable Inc. (TWC), according to Forgent's filing.
Forgent shares rose 18 cents, or 15 percent, to $1.39 in Nasdaq Stock Market trading.
To contact the editor responsible for this story: Patrick Oster at email@example.com.