Microsoft settle anti-trust case with IBM

0 comments
Source Title:
MS to pay $775 million...
Story Text:

Microsoft Corp today announced it had settled antitrust claims made by IBM, agreeing to pay them $775 million.

The settlement, which resolves discriminatory pricing and overcharge claims, also includes Microsoft extending $75 million in credit toward deployment of Microsoft software at IBM.

There is still an outstanding claim by IBM that Microsoft's market dominance harmed its server hardware and server software business. IBM agreed that it will not assert claims for server monetary damages for two years and will not seek to recover damages on such claims incurred prior to June 30, 2002.