Zebra Applied sciences (NASDAQ:ZBRA) disclosed Thursday it agreed to pay $360M to Honeywell (NASDAQ:HON) for previous damages as a part of a license and settlement settlement to resolve all patent-related litigation between the 2 corporations.
Zebra (ZBRA) mentioned the cost will be charged to its Q2 earnings and will likely be paid in equal quarterly installments over eight quarters.
The businesses additionally entered right into a royalty-free cross-license with respect to every facet’s present patent portfolios for the lives of the licensed patents, based on the 8-Okay submitting.
Zebra Applied sciences (ZBRA) shares are “buying and selling at an affordable valuation contemplating the prime quality of the enterprise,” Inventory Steel Funding writes in a bullish evaluation printed on In search of Alpha.
