BetaNews | Forgent Licenses JPEG Patent to Yahoo

BetaNews | Forgent Licenses JPEG Patent to Yahoo: "Scheduling software maker turned patent enforcer Forgent has announced an agreement with Yahoo in which the search engine will license the technology behind JPEG image compression. In exchange, Yahoo will be removed from litigation against companies Forgent claims are infringing on what it calls the '672 Patent.
Forgent obtained the patent through its 1997 purchase of Compression Labs. After unsuccessfully trying to sell its JPEG patent to Compaq, Forgent has switched its strategy to litigation -- a tactic that has proven successful. Forgent has sued 47 companies thus far and raked in more than $105 million in licensing fees from 50 others."