The dispute ends

Broadcom and Intel have settled all the outstanding litigation between them as well as all the litigation involving their affiliates.

The companies and their subsidiaries have been engaged in several patent lawsuits in the US Federal courts as well as proceedings in the International Trade Commission.

Under the settlement agreement, all outstanding claims and counterclaims in those actions will be dismissed.

In connection with the settlement, Broadcom will pay Intel $60 million in cash in two equal installments in the third and fourth fiscal quarters of 2003.

Additionally, both Intel and Broadcom entered into a separate comprehensive cross-license agreement covering patents owned or controlled by the companies and their subsidiaries.

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