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

Nov 08, 2004, 16:00 (6 Talkback[s])

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..."

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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...."

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