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Microsoft Corp. will pay Bristol Technology an undisclosed amount to settle years of legal wrangling over Bristol's claim that Microsoft was trying to crush competition, the two companies said Wednesday.
Microsoft had previously been ordered to pay Bristol $1 million for unfair trade practices and $3.7 million to cover Bristol's legal fees. Both companies said that under the confidential agreement they will discontinue litigation against each other. (...) Federal antitrust investigators are also looking into whether Microsoft's investment in Corel Corp. reduces competition in the market for word processing and spreadsheet applications. The financially ailing Ottawa-based company makes WordPerfect and other software for the competing Linux (news - web sites) operating system, an open-source platform that competes with Microsoft Windows. (...) Bristol, based in Danbury, Conn., makes a software product called Wind/U that allows programs written specifically for Windows to be converted to run on computers with different operating systems, such as UNIX. Prior to the suit, the companies had an agreement that allowed Bristol to see part of the source code for an earlier version of Windows NT. (...) Shares of Microsoft were down 37.5 cents to close at $56.25 Wednesday on the New York Stock Exchange. |
Source: dailynews.yahoo.com
