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SAN JOSE, Calif. -- Struggling server maker Sun Microsystems Inc. reached a sweeping, $1.6 billion settlement with Microsoft Corp. and said Friday it plans to cooperate with its longtime nemesis, a company it had branded an unrepentant monopolist.
The surprise agreement was accompanied by Sun's announcement that it is cutting 3,300 jobs and that its net loss for the fiscal third quarter will be wider than expected. The cuts represent 9 percent of Sun's work force of more than 35,000.
The "broad cooperating agreement" with Microsoft ends Sun's $1 billion private antitrust suit against the Redmond, Wash.-based software giant. Sun's complaints also helped spark the investigation that led to the European Union's recent record $613 million fine against Microsoft.
"It puts peace on the table in a big way," said Scott McNealy, Sun's chief executive, during a conference call Friday.
As part of the deal, Microsoft will pay Sun $700 million to resolve the antitrust case, which was scheduled to go to trial in January 2006, and $900 million to resolve patent issues. Sun and Microsoft also will pay royalties for each others' technologies.
Complete Story at the Washington Post.
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User Comments
 CodeWarrior
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Date: April 2, 2004 @ 7:31 PM
Sun also said it is going to lay off thousands of employees.
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 purfus
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Date: April 2, 2004 @ 7:38 PM
Will sell jobs for food.....
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 thedarkaeons
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Date: April 2, 2004 @ 7:45 PM
And so, M$ wins again.
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 gdZiemann
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Date: April 2, 2004 @ 7:52 PM
Yeah, and look how long it took. This case centered on Microsoft taking Java and screwing it up so that it didn't work right for anyone. That was years ago.
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CodeWarrior
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Date: April 2, 2004 @ 7:55 PM
so Sun will get an infusion of way over a billion, and they STILL have to lay off over 3000 people?
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 compmore
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Date: April 2, 2004 @ 8:30 PM
the reason out of court settlements are so effective is that most of these lawsuits have nothing to do with principle or right and wrong. it's MONEY.
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gdZiemann
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Date: April 2, 2004 @ 8:34 PM
It started out being about right and wrong. It ended being about money. Drop in the bucket for Microsoft. That's why Ballmer is laughing so hard in the photo at the Post.
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raoulduke1
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Date: April 2, 2004 @ 9:27 PM
They are going after LINUX.
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CodeWarrior
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Date: April 3, 2004 @ 11:10 AM
One thing ALL these guys at Sun, M$, Nortel, have in common. They are rich, and they don't give a $hIt about people.
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gdZiemann
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Date: April 3, 2004 @ 1:38 PM
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