Zoran Corporation (ZRAN) Settles Outstanding Litigation With DTS and Obtains Blu-ray License
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Zoran Corporation (NASDAQ: ZRAN) announced that it has settled all outstanding litigation with DTS and has obtained a license for all DTS related technologies required for Blu-ray products.
Zoran expects to roll out its integrated single chip solution for Blu-ray products by the end of the year and to leverage its existing position in the DVD market to establish a leading position in the Blu-ray market. Zoran looks forward to working with DTS going forward.
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