The lawsuit accused Micron Technology of hatching a "conspiracy" to increase DRAM chip prices for the period from August 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.

On March 22, Micron reported a net loss of $224 million, or 23 cents per share, for the second quarter, versus a net profit of $72 million, or 7 cents per share, a year ago.

(Reporting by Sakthi Prasad; Editing by Richard Pullin)

• A Permanent Economic Emergency