Motorola, VTech settle patent lawsuit

(AP) — Motorola Inc. says it has agreed to settle a patent lawsuit it filed against the electronics companies VTech Communications Inc. and VTech Telecommunications Ltd.

The terms of the settlement and the licensing agreement that resulted from it weren't disclosed in Friday's announcement.

Kirk Dailey, Motorola's vice president of intellectual property, says "we are pleased to have reached an amicable resolution with VTech."

The lawsuit filed in Texas involved six patents that Motorola had asserted against VTech.