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Update: Novell Settles One US Claim, Plans Another; Drops EU Suit

CBS MarketWatch: Microsoft to Pay $536M Novell

[ Thanks to
Nicholas Donovan
for this link. ]

“Shares of Novell rallied in pre-market trades Monday after
Microsoft said it would pay a settlement of $536 million to Novell
to resolve an anti-trust dispute between the companies.

“Shares of Novell rose 72 cents, or 10.5 percent, to $7.58 in
pre-market trades on Instinet. Microsoft shares were down 2 cents
at $29.29…”


Complete Story

Novell: Novell Settles One Antitrust Claim with Microsoft for
$536 Million, Plans to File Suit on Second Claim

[ Thanks to Stuart Cunningham for
this link. ]

“Novell today announced an agreement with Microsoft to settle
potential antitrust litigation related to Novell’s NetWare
operating system in exchange for $536 million in cash. Novell also
announced that by the end of this week it will file an antitrust
suit against Microsoft in the United States District Court in Utah
seeking unspecified damages in connection with alleged harm to
Novell’s WordPerfect application software business in the
mid-1990s.

“Under terms of the settlement, in exchange for the cash
payment, Novell has agreed to a general release of claims that it
has as of the date of the agreement, with certain exclusions that
include patent claims and claims associated with Novell’s
WordPerfect business. The agreement also includes a release by
Microsoft of claims that would have been compulsory counterclaims
to the NetWare claims asserted by Novell. Finally, Novell has
agreed to withdraw its intervention in the European Commission’s
case with Microsoft….”

Complete
Story