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Hewlett-Packard Co. agreed Monday to pay Pitney Bowes Inc. $400 million to settle a lawsuit over print technology patents. “It’s a spectacular result for Pitney Bowes,” said Michael Ciresi, an attorney for Pitney Bowes. “I think it’s very significant in terms of the technology involved.” The companies resolved all litigation without admitting wrongdoing. A 1995 lawsuit brought by Pitney Bowes involving print technology patents had been scheduled to go to trial Monday in federal court in Bridgeport, Conn. Lawsuits by Hewlett-Packard were pending in four cities. The dispute that sparked Pitney Bowes’ lawsuit involved technology that created a smoother edge on laser-jet characters, making letters and numbers more readable. Hewlett-Packard later filed patent infringement lawsuits against Pitney Bowes in San Francisco; San Jose, Calif.; Austin, Texas; and Boise, Idaho, over fax machines, document management and other Pitney Bowes products. As a result of the settlement, the companies entered into a technology licensing agreement and expect to pursue business relationships. Neither company would discuss details. “The resolution of these issues allows us to extend our working relationship with HP and enables the continued expansion and development of future products and services that benefit our respective customers,” said Murray D. Martin, head of mailing systems for Pitney Bowes. HP, based in Palo Alto, Calif., makes printers, scanners and other computer products. It had $49 billion in revenue in fiscal year 2000. Stamford, Conn.-based Pitney Bowes is a $4 billion provider of mail, messaging and document management solutions. Copyright 2001 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

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