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Philips Licenses Effective Until 2012

DIGITIMES has issued a correction of its January 4, 2009 report regarding Philips reducing the patent royalty it charges CMC Magnetics and Ritek on blank CD-RW, DVD-R, DVD+R, DVD-RW and DVD+RW discs.

It previously reported that the contracts are valid until December 30, 2019 when, in fact, they will end on December 31, 2012.

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