Microsoft is to pay PC manufacturer Gateway $150m
(£83.3) to settle a legal dispute dating back to the Microsoft
anti-trust case in the mid-1990s.
The money will be paid over a four-year period and Microsoft has
set aside a further $550m (£305.5m) to settle anti-trust issues
with other companies.
Microsoft said the money it is paying to Gateway will be used by
the two companies to work together on the marketing and development
of Gateway PC products.
As part of the agreement, Microsoft will provide funds that
Gateway will use for advertising, sales training and consulting, as
well as for research, development and testing of new Gateway
products that can run current Microsoft products and Microsoft's
next-generation operating system.
"Gateway continues to enjoy a strong relationship with Microsoft
and we're pleased to put these legacy legal issues behind us," said
Wayne Inouye, Gateway chief executive officer.
