WebProNews

The long-running battle over technology in Internet Explorer appears to have come to a finale, as Eolas informs its shareholders the case has been settled.

Microsoft, Eolas Interact To Settle Suit

Eolas Technologies and the University of California regents have settled with Microsoft for undisclosed terms. Todd Bishop at the Seattle P-I obtained a two-page letter sent by Eolas COO Mark Swords to shareholders.

The battle between Eolas and Microsoft over the way Internet Explorer handles certain plug-ins like Flash has been simmering since 1999. A $565 million judgment in 2004 against Microsoft ended up being kicked back to the appellate courts for another trial.

Microsoft wanted the Supreme Court to hear its appeal, a request to reduce the awarded damages by $360 million. The Supremes declined to hear the appeal without comment.

Bishop said today that the number of shares outstanding at Eolas is not known. Those shareholders will see a dividend of between $60 and $72 per share according to Swords's letter.