Microsoft and Spyglass kiss and make up

Microsoft and Spyglass settled their browser royalty tiff today andagreed to expand their partnership in the Web device market. Microsofthas agreed to restructure the royalty agreement and will pay Spyglass$8 million, mostly in cash, to buy out future royalties through theend of 1998. The agreement mentions that Spyglass no longer plans toaudit Microsoft's books. The original disagreement started when Spyglass revealed that Microsoft had only paid it the minimum requiredfor each quarterly royalty.Now that the dispute is over, the two companies plan to collaborate onopen standards for Web devices such as WebTV and Windows CE-based products. Microsoft's popular Internet Explorer Web browser is basedon Mosaic technology licensed from Spyglass in 1995