REDMOND, Wash. and DANBURY, Conn., Feb. 21, 2001 — Bristol Technology and Microsoft Corp. today announced an agreement settling the litigation between the companies that began in 1998. The terms of the settlement are confidential, but the claims of both parties are dismissed with prejudice.
“Bristol is very pleased with the conclusion of this litigation,”
said Keith Blackwell, Bristol CEO.
“This settlement is great news for the industry and Bristol because it allows Bristol to focus our time and resources to what we do best: developing excellent software and providing world class service.”
“We are pleased to reach this agreement in order to put this matter behind us once and for all,”
said Dan Neault, Microsoft’s director of business development for the platforms group.
“Microsoft always prefers to focus our time and efforts on listening to customers and developing great software, and this settlement will help us do that.”
This litigation began in August1998 when Bristol filed its lawsuit against Microsoft. The trial ended with a jury finding in favor of Microsoft on all antitrust claims and in favor of Bristol on one claim under the Connecticut Unfair Trade Practices Act (CUPTA). In the past several months, the Federal District Court had awarded Bristol punitive damages for the CUPTA claim, attorneys’ fees and other relief, all of which is covered by this settlement.
Bristol’s Wind/U cross-platform developer tool, which utilizes Windows source code, is a leader in cross-platform development for Windows, Unix, Open VMS and OS/390. Customers include Hewlett-Packard, Cadence Design Services, Computer Associates, Cisco Systems, Lucent and Sybase.
About Bristol
Over the past two years, Bristol Technology and its wholly-owned subsidiary, Kenosia Corporation, have emerged as a leading company in providing software and services to facilitate the use of corporate transactional data. Bristol offers vertical applications to enhance business processes and provides systems software to facilitate the use of transactional data in an increasingly e-data world.
About Microsoft
Founded in 1975, Microsoft (Nasdaq
“MSFT”
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software – any time, any place and on any device.
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Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
