Court Order Forces Microsoft To Pay IBM $850 Million
by Rainier on July 1, 2005 @ 10:18 a.m. PDT | Filed under News
IBM will receive $775 million in cash and $75 million in credit for software from Microsoft Corp. to settle claims that resulted from the federal government's antitrust case against Microsoft in the 1990s. U.S. District Judge Thomas Penfield Jackson ruled in 2000 that Microsoft engaged in anticompetitive practice, and the judge's ruling cited IBM as a company that Microsoft had forced to "desist from certain technological innovations and business initiatives." Read the full article here ...