Apple Inc. (NASDAQ:AAPL) Pays Up For Patent

Apple Inc. (NASDAQ:AAPL) has agreed to make a payment of $5 million to settle a
patent dispute. Apple Inc. (NASDAQ:AAPL) Pays Up For Patent Reports say that
Apple Inc. (NASDAQ:AAPL) will pay $5 million to a Taiwanese touch design company
Elan Microelectronics Corp to settle a patent infringement case. Both companies
have also agreed to exchange authorizations to use each others patents in
limited instances. An Apple Inc. (NASDAQ:AAPL) spokeswoman said, "We are glad
to put the Elan case behind us and avoid a drawn-out court battle. The
cross-licensing agreement gives Elan access to two of Apples Touch patents, but
none of the innovations that make iPhone, iPad and iPod Touch unique." Apple
Inc. (NASDAQ:AAPL) company shares are currently standing at 418.03. Price
History Last Price: 418.03 52 Week Low / High: 310.5 / 426.7 50 Day Moving
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