June 08, 2005
Ahhh... and this would perhaps be why we're out of HP color cartridges until sometime this summer?!
Forbes.com - Magazine Article: "Faces In The News - Hurd's HP Settles With InkCycle... Greg Levine, 06.08.05, 2:26 PM ET
Hewlett-Packard (nyse: HPQ - news - people ) on Wednesday said it came to terms with alleged patent infringer InkCycle. Led by Chief Executive Mark Hurd, the computer and printer maker in March filed a lawsuit against InkCycle.
The latter firm amasses used-HP printer cartridges, refurbishes and refills them with its own ink. It then markets them under the Staples (nasdaq: SPLS - news - people ) brand, said a HP spokesman quoted by The Associated Press. In the suit, HP claimed InkCycle was producing ink that violated the hardware giant's patents. Under the settlement, InkCycle agreed to modify its formulation--and pay Hewlett-Packard a fee. Financial terms of the agreement were not disclosed.
The AP quoted Pradeep Jotwani, HP senior vice president of imaging and printing supplies, as saying his company intends to 'constantly monitor InkCycle and others for possible patent infringement.' InkCycle Vice President Brad Roderick said in a statement, 'We worked quickly and in collaboration with HP to procure reformulated inks when we learned of the problem and believe that helped bring this matter to a speedy resolution.'
Forbes.com - Magazine Article: "Faces In The News - Hurd's HP Settles With InkCycle... Greg Levine, 06.08.05, 2:26 PM ET
Hewlett-Packard (nyse: HPQ - news - people ) on Wednesday said it came to terms with alleged patent infringer InkCycle. Led by Chief Executive Mark Hurd, the computer and printer maker in March filed a lawsuit against InkCycle.
The latter firm amasses used-HP printer cartridges, refurbishes and refills them with its own ink. It then markets them under the Staples (nasdaq: SPLS - news - people ) brand, said a HP spokesman quoted by The Associated Press. In the suit, HP claimed InkCycle was producing ink that violated the hardware giant's patents. Under the settlement, InkCycle agreed to modify its formulation--and pay Hewlett-Packard a fee. Financial terms of the agreement were not disclosed.
The AP quoted Pradeep Jotwani, HP senior vice president of imaging and printing supplies, as saying his company intends to 'constantly monitor InkCycle and others for possible patent infringement.' InkCycle Vice President Brad Roderick said in a statement, 'We worked quickly and in collaboration with HP to procure reformulated inks when we learned of the problem and believe that helped bring this matter to a speedy resolution.'
