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Sun reaches deal with Microsoft
Software and computer server maker Sun Microsystems has settled its long-running legal battle with Microsoft.
Under the peace deal, Microsoft will pay Sun $1.6bn to resolve their patent and competition disputes.
Sun had accused Microsoft of changing its popular Java programming software without its permission.
In a separate development, Sun announced that it was shedding 3,000 jobs in order to cut costs, and warned losses would be above expectations.
It now expects losses of between $750m and $810m for the three months to the end of March.
'New relationship'
Under the Microsoft deal Sun will receive $700m to resolve pending antitrust issues and $900m to end patent disputes.
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Software and computer server maker Sun Microsystems has settled its long-running legal battle with Microsoft.
Under the peace deal, Microsoft will pay Sun $1.6bn to resolve their patent and competition disputes.
Sun had accused Microsoft of changing its popular Java programming software without its permission.
In a separate development, Sun announced that it was shedding 3,000 jobs in order to cut costs, and warned losses would be above expectations.
It now expects losses of between $750m and $810m for the three months to the end of March.
'New relationship'
Under the Microsoft deal Sun will receive $700m to resolve pending antitrust issues and $900m to end patent disputes.
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