Symbol Technologies and Intermec have settled their intellectual property disputes and promised not to sue each other for four years. They have also agreed to cross-license certain patents and have entered into four-year agreements not to sue over remaining patents. The companies, rivals in the burgeoning RFID space (as well as the rugged handheld market), have also released patent-infringement damage claims that may have existed on the settlement date or may arise before the covenants expire.

"Both companies believe that the agreement announced today is a good resolution of their IP disputes," the companies said in a statement. "They also believe that this agreement is in the best interests of their customers and shareholders."

Specific terms of the settlement agreement are confidential, but the pact ends a nasty legal battle between two companies in a power struggle for key technologies in the wireless software and RFID space. RFID is an emerging technology that forms the basis of sensory networks

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