XBOX Technologies filed applications with the US Patent and Trademark Office to use the name in March 1999, over six months before Microsoft made its first Xbox filing. While most terms of the agreement between the companies remain confidential, Microsoft will retain or acquire all trade mark rights to Xbox.
A spokesman for XBOX Technologies described the settlement terms to news agency Reuters as “very, very mutually satisfying.”
Microsoft’s Xbox will be released in the US on 8th November.