Looks like it's all hugs and kisses and millions of dollars in licensing fees for Intel and Transmeta after all, as the two companies finalized a settlement agreement in their year-long patent dispute today. The agreement calls for Intel to license Transmeta's patents for $150M upfront and $20M a year for the next five years, and Intel can't do anything except pout if Transmeta decides to license its LongRun tech to any other company at the same time. That's a fun little chunk of change for Transmeta, which was about to get de-listed from the NASDAQ back in March before turning things around -- and getting a $7.5M vote of confidence from AMD. No word on how the company plans to serve its two competing masters, but it's got to feel nice to be wanted.
Intel and Transmeta settle patent dispute for $250M
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