Microsoft and Wang Settle OLE Lawsuit with Historic Deal

Microsoft has agreed to display Wang's name on every copy of Microsoft Windows, settling a long-standing lawsuit over ownership of Object Linking and Embedding (OLE), a cornerstone of Microsoft Windows. The deal also includes a cash consideration, worldwide service agreement, and technology access, positioning Wang for market leadership in imaging and workflow. This historic agreement is expected to significantly impact the market, particularly in imaging and workflow, as Microsoft's next desktop operating system, Windows 95, is scheduled to be released in September 1995.

Key Takeaways:

• Microsoft has agreed to display Wang's name on every copy of Microsoft Windows, a first in the company's history.
• The settlement includes a cash consideration, worldwide service agreement, and technology access, totaling over $90 million.
• Wang's imaging technology will be integrated into Windows 95, enabling users to display bit-mapped or scanned images of paper documents.
• The partnership between Microsoft and Wang will significantly impact the imaging and workflow markets, with Wang positioned for market leadership.
• This agreement marks a significant validation of Wang's corporate direction, according to Scott C. McCready, a principal at IDC/Avante.

Statistics:

• The settlement includes a 5-year worldwide service agreement.
• Wang's imaging technology will be integrated into Windows 95.
• The partnership between Microsoft and Wang is expected to generate significant revenue for Wang from customers requiring advanced image functionality.
• Microsoft's Windows 95 is scheduled to be released in September 1995.
• The partnership is valued at over $90 million, with a $90 million convertible stock deal.

Sources:

• April 12, 1995, Business Wire press release.
• IDC/Avante, a high-tech consulting firm, quoted Scott C. McCready.