updated 03:45 am EST, Tue January 14, 2003
Apple has worth $1.1 billion between California and Microsoft, saying the agreement will actually benefit the software giant, according c|net. (Statements were reportedly given to "select" media outlets and Apple did not return phone calls for further clarification.)
"Under the settlement terms, one-third of any unclaimed rebates will revert to Microsoft. The remaining amount will go to California public schools in a mix of cash and donated Microsoft software... History shows that fewer than 25 percent of qualifying recipients fail to claim refunds, thereby reducing the actual cost to Microsoft. At the same time, Apple said school donations would help Microsoft expand its market share in education... Apple proposed that Microsoft give all unclaimed funds to schools to purchase any technology products."