SAN JOSE -- Electronics manufacturing services company Suntron Corp. has reached a confidential settlement with Applied Materials, the company said. Applied agreed to pay Suntron an undisclosed sum in exchange for certain Suntron inventory.

The companies also ended their other claims.

Suntron sued Applied in 2004, seeking damages related to more than $18 million in unused and obsolete inventory it had acquired to meet expected future demand from Applied.

In May, Suntron said that the Texas Supreme Court had cleared its litigation against Applied.

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