Borland and Microsoft settle suit

Borland and Microsoft announced today that they have reached a settlementin the lawsuit Borland filed earlier this year in which they accused Microsoft of recruiting and hiring Borland technical talent in an intentional effort to harm financially-troubled Borland. The suit chargedthat Microsoft was lured 34 key employees away from Borland by offeringridiculously large salaries. According to Borland, $1 million signingbonuses were offered in several cases. Terms of the settlement areconfidential.

"We believe this settlement is in the best interest of both our companies,"Borland and Microsoft officials said in a statement. "This settlement resolves any legal questions surrounding the lawsuit and allows both companies to move forward."