NEWS - Saturday, June 16, 2001
Xbox name securedThe debate is over, Microsoft now owns the use of "Xbox". On Friday Microsoft reached an agreement with XBOX Technologies, a small technology holding company who had filed applications with the U.S. Patent and Trademark Office to use the Xbox name in March 1999. The agreement reached Friday has Xbox technologies dropping the use of the name "Xbox" in their company name and handing the ownership over to Microsoft for an undisclose amount of money. Naturally.
"It was a very, very mutually satisfying agreement," said Robert Koolen, vice president of marketing for Knowledge Mechanics, a computer-based education company that is the main holding of XBOX Technologies.
When asked if the settlement entailed Microsoft paying XBOX, a source familiar with the situation said, "We are not disclosing details, but yes, one can imagine."
Thanks Dr.J for the heads up!