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News > Technology
Xerox wins round vs. HP
August 12, 1999: 3:41 p.m. ET

Federal judge orders HP to turn over chips for Xerox printers
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NEW YORK (CNNfn) - Xerox Corp. gained a victory Thursday in its legal battle against rival copier maker Hewlett Packard Co. as a federal judge ordered HP to turn over thousands of computer chips Xerox had previously purchased.
     Xerox (XRX) had purchased the chips containing Hewlett Packard 's (HWP) TrueRes technology for production of the Xerox DocuPrint NC60 color laser printer.
     HP sued Xerox in June, claiming the company had breached its licensing agreement and refused to sell additional chips to Xerox.
     Thursday, however, a U.S. District judge in Kansas ordered HP to turn the chips over to Xerox.
     "This is a victory for the dealers and resellers who want to sell this Xerox product, and for the thousands of customers who increasingly turn to Xerox quality and innovation for their office-based color printing," said Nancy K.M. Rees, vice president and general manager, Xerox Workgroup Products Business Unit. "It is clear HP felt threatened by Xerox and tried to use the courts -- unsuccessfully -- to eliminate its most serious competitive challenge."
     The original lawsuit, filed in Boise, Idaho, continues, as well as four other patent-infringement cases between the two companies.
     Xerox shares fell 2-3/16 to 44-7/16 in afternoon trade. HP shares plunged 5-1/2 to 103-7/8. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.