MESSAGE
| DATE | 2005-07-01 |
| FROM | From: "Inker, Evan"
|
| SUBJECT | Subject: [NYLXS - HANGOUT] Bulletin: Microsoft to pay IBM $775M in antitrust settlement
|
Bulletin: Microsoft to pay IBM $775M in antitrust settlement
Claims were based on findings in the U.S. case against Microsoft
http://www.computerworld.com/governmenttopics/government/legalissues/story/0
,10801,102916,00.html?source=NLT_BNA&nid=102916
News Story by Marc Ferranti
JULY 01, 2005 (IDG NEWS SERVICE) - WASHINGTON - Microsoft Corp. will pay IBM
Corp. $775 million and give it another $75 million in credit under an
antitrust settlement announced by the two companies today.
The settlement resolves all discriminatory pricing and overcharging claims
stemming from the U.S. government's mid-1990s antitrust case against
Microsoft, the companies said in a statement . The settlement also resolves
most other IBM antitrust claims, including those related to its OS/2
operating system and SmartSuite products. IBM's claims of harm to its server
hardware and server software businesses are not covered by the settlement,
however.
The settlement resolves claims arising from the U.S. government's antitrust
case against Microsoft, in which U.S. District Judge Thomas Penfield Jackson
found that IBM was hurt by Microsoft's antitrust practices.
Both companies said they were pleased by the settlement. With the agreement,
the two companies "move ahead, at times cooperatively and at times
competitively," Brad Smith, Microsoft's general counsel and senior vice
president, said in a statement.
As part of the settlement, Microsoft will extend $75 million in credit
toward deployment of Microsoft software at IBM. IBM will not make claims for
server monetary damages for two years and will not try to recover damages on
server claims made before June 30, 2002.
The settlement in the U.S. government's antitrust case against Microsoft was
approved in 2002; Microsoft currently is in the process of appealing last
year's antitrust ruling in the E.U.'s case against the company.
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