Microsoft in antitrust deal with Gateway
InternetNews | at | by Mike
Microsoft agreed to pay Gateway $150 million over the next four years, stemming from the finding that the software giant's practices had hurt the computer maker's business.
Microsoft said it will take pre-tax charges of $123 million in the quarter for its settlement with Gateway, $41 million for its settlement with Burst.com, as well as charges previously taken for these claims.
The company also will take a pre-tax charge of $550 million to reserve for certain antitrust-related claims described in the 10-Q periodic report from the previous quarter. More details about the third-quarter results will be provided with the Redmond, Wash., company's earnings announcement on April 28.