Wi-Lan Inc. has agreed to drop its patent challenge against semiconductor giant Texas Instruments Inc., at least for now, but may again take the Texas company to court or seek payments from it.
Ottawa-based Wi-Lan gets its revenues from royalties paid on patents in its portfolio.
Earlier this week, Wi-Lan said its 2008 financial results will be better than previously expected, in part because of a deal with Research In Motion Ltd. of Waterloo, Ont.
RIM, maker of the BlackBerry, Pearl and Curve wireless devices has agreed to license certain wireless patents from Wi-Lan, which originated as a Calgary-based technology developer and wireless equipment maker.
Wi-Lan also said it is raising its revenue and earnings guidance for 2008.
The company now expects its revenues for the fiscal year will be within the range of $24.5-million to $25.5-million. That's up sharply from the previous guidance of $15 million to $20 million.
The company said Friday that TI will be dismissed from an action filed by Wi-Lan in the U.S. District Court for the Eastern District of Texas.
The two companies have also said they won't take any further proceedings against each other with respect to the Wi-Lan patents at issue in that action, for an agreed period of time.