SanDisk and PNY make nice, settle patent lawsuit

It's only been a few months since SanDisk filed that monster patent infringement suit against 25 companies, but it looks like PNY is more of a lover than a fighter -- the two companies just announced a settlement agreement. Under the terms of the deal, PNY and SanDisk will cross-license certain patents, and PNY will pay royalties to SanDisk on previously-sold flash drives and CompactFlash cards. The cross-license means that PNY also gets to keep selling flash media, but it's not being disclosed what patents PNY licensed to SanDisk -- if PNY had a solid counterclaim that led to this settlement, it could be while before we see any others.