 |
January 31, 2008 |
|
|
|
 |
JVC CORP: Enters Into Patent Cross-Licensing Deal with Microsoft Victor Company of Japan Ltd., or JVC, and Microsoft Corp. have entered into a patent cross-licensing agreement intended to further the development of each of their product lines and expand technological innovation, InfoWorld says. Northwest Innovation cites Microsoft as saying that the deal covers a broad range of consumer products that each company manufactures and sells. According to InfoWorld, Microsoft's statement says that the agreement expands the relationship between JVC and Microsoft in order to promote the exchange of valuable information and the incorporation of patented technologies in their respective products. InfoWorld notes that the contents and specific financial terms of the agreement were kept confidential. However, the report points out, the parties indicated that Microsoft will be compensated by JVC. About JVC Corp. Headquartered in Kanagawa Prefecture, Japan, Victor Company of Japan, Limited (JVC) -- http://www.jvc-victor.co.jp/ -- is primarily engaged in the manufacture and sale of audiovisual equipment, information and communications equipment, electronic products and others. The Company has five business segments. The Consumer Equipment segment offers various types of televisions, digital video cameras, car audio systems, as well as players and related equipment for video, mini disc, compact disc and digital versatile disc systems. The Industrial Equipment provides visual inspection devices, audio and video equipment, as well as projectors. The Electronic Devices segment offers monitors, optical pickups, high density buildups, multi-layer boards and display parts. The Software and Media segment provides music and visual software and recording media. The Others segment is engaged in businesses related to interior furniture and production facilities. It has 96 subsidiaries and seven associated companies. JVC incurred three consecutive annual net losses: JPY7.89 billion for the fiscal year ended March 31, 2007; JPY30.61 billion for the fiscal year ended March 31, 2006; and JPY1.86 billion for the fiscal year ended March 31, 2005. |
|
|
||
|
Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
