Motorola responded to MOS Technology's $20 microprocessor by immediately reducing the single-unit price of the 6800 microprocessor from $175 to $69 and then suing MOS Technology in November 1975. Motorola claimed that the eight former Motorola engineers used technical information developed at Motorola in the design of the 6501 and 6502 microprocessors. MOS Technology's other business, calculator chips, was declining due to a price war with Texas Instruments so their financial backer, Allen-Bradley, decided to limit the possible losses and sold the assets of MOS Technology back to the founders. The lawsuit was settled in April 1976 with MOS Technology dropping the 6501 chip that would plug into a Motorola 6800 socket and licensing Motorola's peripheral chips. Motorola reduced the single-unit price of the 6800 to $35.