Be's antitrust lawsuit was one of four lodged after the high
profile Justice Department case against Microsoft found that the
software giant had abused its dominant position. In February 2002,
Be accused Microsoft of persuading computer manufacturers to use
Windows exclusively to the detriment of Be's rival system.
The result of this anti-competitive behaviour, alleged Be, was
that Be had to shut down, transferring most of its business and
staff to PDA maker Palm in August 2001. As part of the deal Be
retained the right to sue Microsoft.
The settlement announced on Friday is the second of the four
corporate antitrust suits to settle – in May this year Microsoft
agreed to pay $750 million to AOL Time Warner.
Microsoft has admitted to no wrongdoing, and all other terms of
the settlement will remain confidential. A joint statement released
on Friday said that, "Both parties are satisfied with the agreement
and believe that it is fair and reasonable."
Be is now to complete the process of dissolution that was agreed
with its shareholders in Novermber 2001. Be's net cash will be
distributed to shareholders after payment of any taxes, officers'
and directors' compensation, and other expenses, and the
satisfaction of Be's remaining liabilities.
