February 15, 2006 11:52 AM PST
Microsoft licenses video patents
"Licensing technology is an essential part of maintaining a healthy cycle of innovation in the IT industry and is a practice employed by most all high-tech companies. Microsoft respects intellectual property rights, and by so doing, is able to stand behind its products and customers," Microsoft managing director Ken Lustig said in a statement. Monkeymedia was launched in 1994 by Janna Buckmaster Bear and Eric Gould Bear, who used to work at Microsoft.