Gateway agrees to pay HP $47 million

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2 March 2006 – San Jose (CA): Gateway has agreed to pay $47 million to Hewlett-Packard to settle a series of lawsuits.
 
The agreement ends lawsuits and countersuits that began in March 2004 when HP claimed its rival had infringed five of its patents.
 
The firms have also entered into a seven-year cross-licensing deal.