The legal battle between Philips and Princo has been going on for as long as I can remember. While both companies have had their share of victories, the latest round has gone in favor of Philips. According to DigiTimes, a local court in Taiwan has ordered Princo to pay Philips $21.1 million for CD-R licensing.
A local court in Taiwan, on August 15, announced its judgment that Princo, a Taiwan-based maker of blank optical discs, must pay Royal Philips Electronics a total of 2.354 billion yen (US$21.1 million) for CD-R licensing. The fees are due for the period from the fourth quarter of 1997 to the fourth quarter of 1999 plus interest for delayed payment, according to Princo's filing with the Taiwan Stock Exchange (TSE) on August 18. Princo has decided to appeal, the company stressed.While Philips has tried to prevent unlicensed CD-R discs from entering the United States, Princo has continued to ship media to retail channels in emerging markets such as Russia, China and Latin America. If you'd like to read more, head on over to DigiTimes.
