Psion relents: "netbook" ok to describe chubby cheap laptops lacking power

By On June 1, 2009 Under New Gadgets

As the world's attention turns from netbooks to smartbooks, Psion and Intel have ceased battle over use of former term. Remember, this ridiculous case escalated to Psion claiming $1.2 billion in damages suffered as a result of infringement on its netbook trademark for a product few have heard of outside of the "highly specialized supply chain logistics area." The 'amciable" agreement reached with Intel has Psion voluntarily withdrawing its trademark for "netbook." What wasn't said in the press release is how much money was extorted from the industry or the net effect on Psion sales from all the free publicity. Regardless, we're sure it's been a profitable exercise for Psion Teklogix.