Word: antitrust
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Stunts like this are why even many Silicon Valley libertarians secretly hope Justice reins in Gates before it's too late. Klein confirmed last week that his investigation of Microsoft remains "ongoing and wide-ranging." Microsoft's planned integration of Explorer into Windows 98 could trigger the most critical antitrust battle since the feds broke up Ma Bell in '84. Gates understands that the browser is the soul of the new machine that will carry us all into the 21st century, and he won't back down. "The point of antitrust law," Myhrvold argues, "is to say, 'Is there...
...rate, it's unclear how effective industrial-era antitrust law can be in an age when any enterprising teen can, in theory, invent a new word processor on his laptop and kick Word's butt. The Web is the ultimate free market, whose invisible hand works with irresistible force, even on what seem to be immovable objects...
When Joel Klein came up for approval as chief of the Justice Department's antitrust division last summer, even some Democratic Senators viewed him as a doormat for Big Business and tried to step on his appointment. All that changed last week when Klein audaciously hauled mighty Microsoft into court. Former critics now applaud him as a true trustbuster. The New York Times, which had called Klein's appointment "disheartening" in July, finds him to be "sensible" and "right" to take on Microsoft...
...Klein stepped into the void left by the 1993 suicide of deputy White House counsel Vincent Foster and helped the First Family navigate Whitewater turmoil. He steered the Supreme Court nominations of Ruth Bader Ginzburg and Stephen Breyer through Congress before joining Justice in 1995 as understudy to then antitrust chief Anne Bingaman...
Since his arrival, Klein has quietly put up impressive numbers. His team forced agribusiness giant Archer-Daniels-Midland to pay a record $100 million fine for rigging a feed-additive market earlier this year; three former ADM executives are under indictment. Klein is reportedly preparing a massive antitrust case against Visa and MasterCard, alleging a duopoly over credit-card transactions...