Realtek settles lawsuit, shares up

Realtek Semiconductor, a Taiwanese chip designer, climbed to a two-week high in Taipei trading after signing a licensing deal and settling a lawsuit with 3Com, says Bloomberg.

Realtek added 4.8% to close at NT$70.40 on the Taiwan Stock Exchange on Monday, the highest since 26 June. Taiwan's Taiex index dropped 1.2%.

The Taiwan-based company will pay 3Com $70 million for the right to use two networking technologies with a previous $45.3 million jury award being dismissed, Realtek said in a filing yesterday.

Insight Enterprises based in Arizona, in the US, will pay $1.5 million for Minx, a $26 million networking infrastructure specialist based in Hertfordshire, in the UK, and assume about $4.6 million of existing debt, reports CRN.

The price could include an additional $700 000, based on performance targets over a one-year period.

Minx will become part of Insight Direct, Insight's operations in the UK and, according to the company, it will complement Insight's previous acquisition of Calence, an Arizona-based networking services company.

D-Link, the end-to-end networking solutions provider for consumer and business, is now shipping a full-featured network surveillance camera designed for whole-room monitoring of the home, office and small business, states Market Watch.

The new network camera supports Power over Ethernet for flexibility to install the camera where coverage is needed rather than where power outlets are available.

The D-Link SecuriCam pan/tilt/zoom network camera (DCS-5610) can be configured to record video to a local network area storage device when motion is detected or it can be scheduled to record at certain times throughout the day.