ZEBRA TECHNOLOGIES CORPORATION

(ZBRA)
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Delayed Nasdaq  -  04:00 2022-08-18 pm EDT
342.38 USD   +0.57%
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Zebra Technologies to Pay Honeywell International $360 Million in Patent Settlement

06/30/2022 | 05:05pm EDT

By Denny Jacob


Zebra Technologies Corp. said it agreed to pay Honeywell International Inc. $360 million for past damages as part of a license and settlement agreement to resolve all patent-related litigation between the two companies.

Zebra, an automatic identification and data capture product manufacturer, and Honeywell, a software industrial company, each deny liability and agreed to a mutual general release from all past claims and entered into a covenant not to sue for patent infringement, according to a securities filing.

The payment for past damages will be charged to Zebra's second-quarter results and will be paid in equal quarterly installments over eight quarters, according to the filing.

The two companies also entered into a royalty-free cross-license with respect to each side's existing patent portfolio for the lives of the licensed patents, according to the filing. The agreement also provides for Zebra and Honeywell to dismiss all pending intellectual property litigation in U.S. district courts, the U.S. International Trade Commission and courts outside the U.S., according to the filing.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

06-30-22 1704ET

Stocks mentioned in the article
ChangeLast1st jan.
HONEYWELL INTERNATIONAL INC. 0.46% 203.72 Delayed Quote.-2.75%
MUTUAL CORPORATION 0.00% 1796 Delayed Quote.158.42%
ZEBRA TECHNOLOGIES CORPORATION 0.57% 342.38 Delayed Quote.-42.80%
All news about ZEBRA TECHNOLOGIES CORPORATION
08/16First Tech Federal Credit Union partners with Zebra Technologies to improve banking pro..
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08/11Zebra Technologies' Emissions Reduction Targets Validated by the Science Based Targets ..
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08/08INSIDER SELL : Zebra Technologies
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08/04UBS Adjusts Zebra Technologies Price Target to $495 From $510, Maintains Buy Rating
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08/03Stephens Adjusts Price Target on Zebra Technologies to $500 From $600, Reiterates Overw..
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08/03Fast Company Names Zebra Technologies to 2022 Best Workplaces for Innovators List
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08/02ZEBRA TECHNOLOGIES CORP Management's Discussion and Analysis of Financial Condition an..
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Financials (USD)
Sales 2022 5 925 M - -
Net income 2022 523 M - -
Net Debt 2022 1 619 M - -
P/E ratio 2022 34,5x
Yield 2022 -
Capitalization 17 788 M 17 788 M -
EV / Sales 2022 3,28x
EV / Sales 2023 3,00x
Nbr of Employees 9 800
Free-Float 70,8%
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Technical analysis trends ZEBRA TECHNOLOGIES CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 12
Last Close Price 342,38 $
Average target price 440,30 $
Spread / Average Target 28,6%
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Managers and Directors
Anders Gustafsson Chief Executive Officer & Director
Nathan Winters Chief Financial Officer
Michael A. Smith Chairman
Tom Bianculli Chief Technology Officer & Senior Vice President
Deepak Kaul Director-Change Management & Process Improvement
Sector and Competitors