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Microsoft Corp. and Eolas Technologies Inc. have settled their long-running legal battle, according to a letter sent to Eolas shareholders. (...) The suit, first filed by Eolas in 1999, charged Microsoft with infringing on Eolas patents in its Internet Explorer browser. The patent relates to embedding interactive content in Web sites.
(...) the cost of the settlement to Microsoft isn't clear. In the letter (PDF, 2 pgs) Swords explained that the Eolas board anticipates paying a dividend to shareholders of between $60 and $72 per share. However, he wrote that the agreement prevents Eolas and Microsoft from disclosing the terms of the settlement. Eolas is privately held, and the letter does not disclose the total number of shares outstanding in the company.
Eolas, a University of California spin-off, had alleged that Internet Explorer violated its patent for accessing interactive content on Web pages.