Following the news we brought you of the petitions filed by Dell and Intel, Psion has relented over the term "netbook" and officially withdrawn its trademark registrations.

Back in February, first Dell, and then chipmaker Intel, filed various petitions, Dell with the United States Patent and Trademark office, and Intel with the US District Court of Northern California to request that Psion's ownership of the word "netbook" as a trademark be cancelled.

Psion had trademarked the term back in 2003, but no longer made products under the "netbook" name. However, when the low-cost laptops started getting popular Psion made new claims on the name.

In a statement the company now says: "Psion PLC announces that Psion and Intel Corporation have settled the trade mark cancellation and infringement litigation brought in the Northern District of California relating to the 'Netbook' trademark registration".

"The litigation has been settled through an amicable agreement under which Psion will voluntarily withdraw all of its trademark registrations for 'Netbook'. Neither party accepted any liability. In light of this amicable agreement, Psion has agreed to waive all its rights against third parties in respect of past, current or future use of the 'Netbook' term".