Saturday, March 12, 2005

Microsoft settles suit for $60 million

Microsoft settles suit for $60 million: "Microsoft Corp. will pay $60 million to settle a lawsuit brought by a California software company that alleged Microsoft stole its multimedia streaming software.
Microsoft and Burst.com said in a joint statement yesterday that they had reached 'an agreement in principle' to resolve all claims against Microsoft. Under the settlement, Microsoft also will receive a non-exclusive license to Burst's patent portfolio.
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Microsoft denied any wrongdoing."
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