Sankyo Seiki Manufacturing Co Ltd

Archive Corp., a maker of computer backup products in Costa Mesa, said Monday that it has granted a patent royalty license to competitor Sankyo Seiki. The agreement was for Archive's electronic and mechanical patents for DC 600-type cartridge tape drives. At the same time, Sankyo cross-licensed its tape-drive technology patents to Archive patents. Details of the license agreements were not disclosed.

Archive Corp., a maker of computer backup products in Costa Mesa, said Monday that it has granted a patent royalty license to competitor Sankyo Seiki. The agreement was for Archive's electronic and mechanical patents for DC 600-type cartridge tape drives. At the same time, Sankyo cross-licensed its tape-drive technology patents to Archive patents. Details of the license agreements were not disclosed.

The Tokyo Stock Exchange reprimanded two companies, including Japan's largest steelmaker, on Friday for insider stock trading by their employees, an exchange executive told reporters. Takao Nojiri, a senior managing director of the exchange, said an investigation found that 34 employees of Nippon Steel and precision machinery maker Sankyo Seiki Manufacturing had traded Sankyo Seiki shares while possessing confidential information about a planned tie-up between the firms.

The Tokyo Stock Exchange reprimanded two companies, including Japan's largest steelmaker, on Friday for insider stock trading by their employees, an exchange executive told reporters. Takao Nojiri, a senior managing director of the exchange, said an investigation found that 34 employees of Nippon Steel and precision machinery maker Sankyo Seiki Manufacturing had traded Sankyo Seiki shares while possessing confidential information about a planned tie-up between the firms.