Democratic Underground - Microsoft takes $550M charge for settlement reserves

Reply #29: Microsoft takes $550M charge for settlement reserves [View All]

UpInArms

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Mon Apr-11-05 08:01 AM
Response to Original message

29. Microsoft takes $550M charge for settlement reserves

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38453.3719847222-834044467&siteID=mktw&scid=0&doctype=806&

NEW YORK (MarketWatch) -- Microsoft (MSFT) said it take a $550 million charge to reserve for anti-trust claims. The software giant also said it would record a $123 million charge related to the settlement of anti-trust claims by Gateway Inc. (GTW) and a $41 million charge related to the settlement with Burst.com. Microsoft's stock, a component of the Dow industrials, closed Friday down 16 cents at $24.94 and Gateway was unchanged at $4.08.

8:48am 04/11/05 MICROSOFT TO TAKE $123M CHARGE FOR GATEWAY SETTLEMENT

8:48am 04/11/05 MICROSOFT TO TAKE $41M CHARGE FOR BURST.COM SETTLEMENT

8:49am 04/11/05 MICROSOFT TO TAKE $550M CHARGE FOR ANTITRUST RESERVES

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Reply #29: Microsoft takes $550M charge for settlement reserves [View All]