Year: 2003

Microsoft to pay $520 million in patent infringement case

A federal jury awarded Eolas Technologies, a Chicago-based software company, and the University of California more than US$520 million in damages Monday after finding that Microsoft’s Internet Explorer infringed on a patent. The Associated Press reports that “Eolas was launched in 1994 to market technology that allows users to access interactive programs embedded in Web pages. Eolas chairman Michael Doyle along with two others developed the technology while at the University of California at San Francisco.

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Analyst expects Photoshop 8 by end of year

CNET News.com reports that Gene Munster of investment bank USB Piper Jaffrey upgraded his rating on Adobe from “outperform” to “strong buy,” based on expectations that Adobe will deliver a new version of Photoshop within the next four months. “Over the last several days, we have spoken with six Photoshop certified trainers regarding timing of the Photoshop 8.0…release,” Munster wrote. “All six of the trainers we have spoken with expect shipment between November and December.

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