Hewlett Packard said today that it has filed an appeal in a patent dispute case with Cornell University and the Cornell Research Foundation. (Statement)
Last month, the U.S. District Court reduced the amount that an earlier jury imposed from $184 million to $53 million in favor of Cornell. The company said it will increase its reserve to reflect the developments and expects to record a 1-2 cent charge to its second-quarter EPS. The company did not readjust its Q2 outlook for the charge.
The company said the patent dispute stems back to allegations that HP's PA-8000 microprocessors - as well as the servers and workstations that incorporate those processors - infringed on a patent, which has since expired and will not affect future sales of HP products.