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OS2.GURU - IBM and Microsoft Settle Antitrust Case [[ header START ]]
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IBM and Microsoft Settle Antitrust Case

  Date: 2005-07-01 20:49:19
Correspondent: Eugene Gorbunoff
Source: VOICENWS, Timothy Sipples
 

Microsoft has agreed to pay IBM US$ 775 million in damages, according to this news story.

The damages are a result of alleged harm primarily to IBM's OS/2 and SmartSuite businesses (and consumers).

In addition, Microsoft will extend $75 million in credit for Microsoft software to IBM. (IBM must consume some Microsoft software for its own business needs.) Thus the total settlement value is $850 million.

At this writing IBM stock is trading up about 1.25% on the news.


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