MOUNTAIN VIEW, Calif. and REDMOND, Wash., Sept.
5 /Businesswire/ -- Be Inc. (Nasdaq:
BEOS - News;
and Microsoft Corp. (Nasdaq: MSFT
- News) today
announced that the parties have reached a mutually acceptable
mediated settlement of an antitrust lawsuit filed by Be Inc.
in February 2002, which is currently pending in the United States
District Court for the District of Maryland in Baltimore. Be
will receive a payment from Microsoft, after attorney's fees,
in the amount of $23,250,000 (U.S.) to end further litigation,
and Microsoft admits no wrongdoing. All other terms of the settlement
will remain confidential. Both parties are satisfied with the
agreement and believe that it is fair and reasonable. This is
the second private antitrust lawsuit Microsoft has settled this
Be is currently in the process of completing
its dissolution pursuant to the plan approved by Be's stockholders
in November 2001. In accordance with that plan and upon completion
of its dissolution, Be's net cash will be distributed to shareholders
of record as of March 15, 2002, after payment of any taxes,
officers' and directors' compensation, and other expenses, and
the satisfaction of any and all of Be's remaining liabilities.