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The two Japanese audio equipment makers will combine to form JVC Kenwood Holdings, which will focus on home and car audio equipment.
Under the settlement, the companies are cross-licensing each others' patents, and Matsushita is paying royalties, Eastman Kodak says.
An engineer develops a method for curing wood in sake so it can be made into speaker cones that help produce a "smooth" sound.
JVC, Kenwood partner on car tech development
Unsatisfied with licensing negotiations, Kodak sues Panasonic and parent company Matsushita for patent infringement.
Got a pesky restraining order to circumvent? JVC has the camcorder for you.