Word: antitrust
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Weird, huh? Not in the age of globalization--for that, in effect, is what the General Electric Co., United Technologies Corp. and Honeywell International Inc. have just done. Last year GE outbid UTC for Honeywell; American antitrust authorities approved the merger. But--though the game isn't over--the deal appears to have been nixed by the competition division of the European Commission in Brussels, which is headed by an Italian, Mario Monti. (To continue the Connecticut theme, Monti studied at Yale.) For more than 10 years, the commission has claimed jurisdiction over any merger between firms whose combined global...
...prospect of the two biggest players in Computerville divvying up the market. AOL would get premium distribution and placement in the October release of Windows XP, helping it add gazillions of new users to its rolls. In exchange, Microsoft would not have to worry about AOL's pressing assorted antitrust actions against...
...siren call of the media. Jackson was not the first (anyone remember Lance Ito?), nor will he be the last. But his was a particularly benign form of narcissism. He didn't allow cameras in the courtroom; he had no desire to see his face on television. As the antitrust trial of the century began two years ago, he was so skeptical of the press that they were refused special accreditation and had to queue up for hours to sit on a couple of rows of hard benches - first come, first served...
...After he'd declared Microsoft a monopoly and in violation of antitrust laws, there were signs that Jackson was bone-crushingly weary of it all. He'd been on Microsoft's case, in one form or another, for over five years now. His remedy ruling was effectively a one-fingered salute to the appeals court: if this is wrong, it said, don't bring it back to me. He must have known they'd take the bait. It didn't matter: his point had been made, and made loudly...
...long run, that's probably about as much significance as the Microsoft antitrust case will have. The life is out of the government side now; trustbuster supreme Joel Klein and prosecutorial machine David Boies both left it behind for better-paying pastures. In the hands of John Ashcroft, the case is a toothless embarrassment. Look for the Justice Department to settle as soon as possible with minimal punitive action (such as a fine that looks tough but really represents 1% of Bill Gates' net worth). The 19 states also bringing suit might last a little longer, and they might force...