Without admitting or denying the allegations, Sun Microsystems said it will pay Kodak $92 million to settle all claims in the dispute. In exchange, Sun said it receives a license for Java under all Kodak patents.Sun Press Release
"The settlement assures customers worldwide that Sun will stand behind its products and intellectual property, and eliminates any uncertainty that could result from a protracted lawsuit and appeal," the Santa Clara, Calif.-based company said.
"We are eager to put this punitive litigation behind us," added its president, Jonathan Schwartz.
Describing the settlement as tentative, Kodak's senior vice president, Willy Shih, said the photography company was "pleased that the court has validated these fundamental Kodak patents."
Kodak had been prepared to request $1.06 billion in lump-sum royalties equal to half Sun Microsystems' operating profit from sales of computer servers and storage equipment from January 1998 to June 2001.
Read: Kodak, Sun Microsystems Settle Java Suit
Sun settles Java spat with Kodak for $92m