(Reuters) - Semiconductor manufacturer Micron Technology Inc <MU.O> said late on Thursday it has reached a deal with software giant Oracle <ORCL.O> to settle a lawsuit filed by Oracle over price increases for memory chips.
The lawsuit accused Micron Technology of hatching a "conspiracy" to increase DRAM chip prices for the period from August 1, 1998, through at least June 15, 2002, and included a claim for damages.
Micron said Oracle had agreed to a settlement and would release the company from all claims arising out of the litigation. Terms of the settlement were not disclosed.
Micron revised its second quarter results on account of the settlement, saying its net loss for the quarter was $282 million, or $0.29 per share, $58 million lower than previously reported.
On March 22, Micron reported a net loss of $224 million, or 23 cents per share, for the second quarter, versus a net profit of $72 million, or 7 cents per share, a year ago.
(Reporting by Sakthi Prasad; Editing by Richard Pullin)
The War on America Turns 50 | Human Events
Chilling: Netanyahu Glares at UN Delegates for 45 Seconds for Their 'Deafening Silence' on Iran Deal
Social Justice Warriors corrupt military training | RedState
So the Oregon shooter’s guns were legal. Now what?
Today's lesson at Yale from #BlackLivesMatter's DeRay Mckesson: 'In Defense of Looting' - twitchy.com
Dave Ramsey - On Swimming Pools, Car Payments, and Insurance
Destroying Gun Control With A Single Question - Bearing Arms - Gun Control, Video