3Com to receieve $70 million payment from Realtek as part of patent settlement

[Metropolitanjury]

3Com Corp. said Monday that Realtek Group will pay it $70 million as part of a settlement regarding the long-standing patent dispute between the two companies.

On April 9, a jury awarded 3Com $45.3 million for past patent infringement by Realtek Semiconductor Corp. 3Com filed post-trial motions seeking enhanced damages and a permanent injunction.

Upon satisfaction of Realtek's obligations under the agreement, the patent case will be dismissed.

Shares of 3Com, a Marlborough, Mass.-based networking products provider, closed Friday at $2.01.

By Ms.Bobby Aanand, Metropolitan Jury.