Microsoft, Cellphone Maker Settle Lawsuit
From Associated Press
Microsoft Corp. and Sendo Holdings have settled a suit alleging Microsoft abused their partnership to develop a Windows-based cellphone by sharing the British company’s “smart phone” technology with other handset makers.
Microsoft will surrender its small stake in Sendo, reportedly 4%, under the settlement, the terms of which were not disclosed.
Shares of Redmond, Wash.-based Microsoft fell 24 cents to $27.25 on Nasdaq.
