UPDATE 2-BorgWarner, Honeywell settle dispute; stocks slide

Newswire

(Adds analyst comments, changes dateline from NEW YORK, updates stock activity) CHICAGO, June 23 (Reuters) - Auto parts maker BorgWarner Inc. on Monday said it settled a patent dispute over turbocharger technology with Honeywell International Inc. , agreeing to pay Honeywell a total of $29.1 million. BorgWarner also confirmed its earnings guidance for 2003. Shares of both companies slid following the announcement. BorgWarner, based in Chicago, said in a statement its turbo systems ...

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