BOSTON (Thomson Financial) - Garmin Ltd. said Thursday it reached a global settlement of all of its intellectual property litigation with competing navigation communications manufacturer TomTom.
The parties didn't disclose the terms of the settlement.
Shares of Garmin, the Cayman Islands-based navigation communications designer, rose 1.9% to $87.11 in premarket trading. Greg Saulnier gs/jw COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The parties didn't disclose the terms of the settlement.
Shares of Garmin, the Cayman Islands-based navigation communications designer, rose 1.9% to $87.11 in premarket trading. Greg Saulnier gs/jw COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2007 AFX News
