Microsoft settles with Burst.com
Seattle PI | at | by Mike
Microsoft and Burst.com Inc. said they agreed to settle Burst's lawsuit accusing Microsoft of stealing its technology for high-speed Internet broadcasting of sound and video.
Burst, a Santa Rosa, Calif.-based software provider, accused Microsoft of patent infringement, antitrust violations and destroying e-mail evidence in the case. Burst shares rose 88 percent yesterday, by $1.59 to $3.39, in over-the-counter trading in New York.
The agreement tentatively "resolved all the issues between the two companies," said Stacy Drake, spokeswoman for Microsoft. Eric Walters, a Burst vice president, said the company "reached agreement in principle" on the lawsuit.