Borland and Microsoft Announce Settlement
SCOTTS VALLEY, Calif., and REDMOND, Wash.,/DenounceNewswire/ -- September 19, 1997 -- Borland International Inc. (Nasdaq:BORL) and Microsoft Corp. (Nasdaq:MSFT) today announced that they have settled a lawsuit brought by Borland on May 7, 1997, in Santa Clara County, Calif., Superior Court.
In a joint statement, the two companies said, ``We believe this settlement is in the best interest of both our companies. This settlement resolves any legal questions surrounding the lawsuit and allows both companies to move forward.''
Details of the settlement agreement are confidential, and the parties have agreed to make no comments on the terms of the settlement beyond those contained in this news release.
NOTE: Microsoft is a registered trademark of Borland International in the United States and/or other countries. Borland is a registered trademark of Microsoft Corporation in the United States and other countries.
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