Nov. 8 (Bloomberg) -- Microsoft Corp. will pay $536 million to end an antitrust battle with Novell Inc. and also resolved a dispute with the Computer & Communications Industry Association trade group.
Novell and the trade group will end their involvement in a European Commission case against Microsoft. The settlements cut Microsoft's previously reported first-quarter net income to $2.53 billion, or 23 cents a share, the company said in a statement.
The agreements help silence two of the Redmond, Washington- based company's biggest critics. Microsoft, the world's biggest software maker, has been resolving its legal issues to focus on reviving sales. Growth is forecast to slow to 6 percent this fiscal year from 14 percent last year.
It's not really surprising that companies and groups are continuing to roll over. MS's deep pockets are very persuasive. :-(
Cheers,
Scott.