[size=18]Microsoft to pay $714 million in antitrust[/size]

Redmond, WA, Apr. 12 (UPI) -- Microsoft Corp. has announced it will allocate $714 million in its third quarter to cover antitrust claims by computer maker Gateway Inc., and others.

As a result of findings in the Department of Justice's antitrust suit against the Redmond, Wash., software maker in the late-1990s, Microsoft issued a statement detailing the claims it was settling and a fund to cover other, undisclosed outstanding claims.

The company said it will pay $150 million to Gateway over four years, settling previously undisclosed claims raised by Gateway. Microsoft said the settlement will result in a $123 million charge in the fiscal third period, which ended March 31.

The Wall Street Journal said the list of payments include $41 million to settle patent infringement and antitrust claims brought by Burst.com Inc.

In addition, Microsoft said it will establish a $550 million reserve to cover other antitrust claims it did not specify.

The company didn't disclose the impact of the charges on its third-quarter results, but more details will be provided in an April 28 filing with the Securities and Exchange Commission, the report said.