March 29 (Reuters) - Semiconductor manufacturer Micron Technology Inc said late on Thursday it has reached a deal with software giant Oracle 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 Aug. 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.
The case is Oracle America v. Micron Technology, U.S. District Court for the Northern District of California, No. 10-4340.
For Oracle: Jerome Murphy and Suzanne Rode of Crowell & Moring.
For Micron Technology: Charles Nierlich of Gibson, Dunn & Crutcher.
(Reporting by Sakthi Prasad)
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