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Microsoft, Gateway Bury Hatchet | |
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| Time: 15:52 EST/20:52 GMT | News Source: Wired | Posted By: Alex Harris | ||
|
Microsoft has agreed to pay Gateway $150 million over four years to settle a legal dispute and the companies will work together on the marketing and development of Gateway personal computing products. As part of the settlement, Gateway (GTW) will release all antitrust claims against Microsoft (MSFT) based on past conduct. Gateway's claims arose in the mid-1990s, when Gateway's business was specifically identified as having been injured by Microsoft's practices. Under the statute of limitations, the time period for Gateway to bring claims against Microsoft based on these findings of fact expired in late 2003. Before the expiration date, Microsoft and Gateway agreed to extend the period in order to explore a mutually beneficial solution. | ||
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