“Apple has reached an agreement to license intellectual property from a Japanese company that owns patents originally created by Palm and PalmSource, creator of the Palm OS PDA operating system,” Sam Oliver reports for AppleInsider.
“The licensing agreement for 1 billion yen, or about $10 million U.S., was announced by ACCESS Co., Ltd. and was first noted on Wednesday by Macotakara. Other patents included in the deal were created by Bell Communications Research and Geoworks,” Oliver reports. “The company formerly known as PalmSource is now owned by Japan’s ACCESS and is known as ACCESS Systems Americas, Inc.”
Oliver reports, “The licensing agreement is likely a key strategic move for Apple as it looks to gain some leverage in the highly competitive — and litigious — smartphone space.”
Read more in the full article here.