Word: antitrust
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...decision by U.S. District Judge Thomas Penfield Jackson to find Microsoft guilty of violating antitrust laws was a positive step in freeing the computer industry from the anticompetitive tactics of the software giant. After the exhaustive trial and the clear findings of fact issued last November, the public can feel confident that the facts stand fully behind Jackson's decision. Yet justice will not have been fully served until the court specifies an appropriate remedy and the verdict is allowed to stand on appeal...
...technicalities was Microsoft's Friday proposal to settle the government's case against it that a hoped-for weekend settlement was rendered all but impossible. Still, government lawyers, sifting through the complicated details, found several concessions that might allow CEO Steve Ballmer and Joel Klein, the government's chief antitrust officer, to meet and possibly put the matter to rest this week--before U.S. District Judge Thomas Penfield Jackson rules in a case that was tried last year. The key is the company's reported willingness to unbundle its Internet Explorer from Windows, the heart of the suit. Microsoft also...
Those fidgety day traders didn't bother waiting for Judge Thomas Penfield Jackson's second decision in the Microsoft antitrust trial. As the 5 p.m. announcement drew nearer on Monday, the desktop dealers dumped more and more of their investments in the tech-heavy NASDAQ, and by the time Jackson, who four months earlier had found that Microsoft wielded monopoly power, delivered a guilty verdict on two of three counts of abusing that power, they had produced a record 348-point, 7.6 percent plunge...
Hang on to your portfolios, folks. The breakdown Saturday of antitrust negotiations between federal officials and Microsoft turned Monday into a rough day for MSFT. The stock has been swinging wildly over the past few weeks, rising on rumors of a settlement, diving when talks appeared stalled. And now those talks are dead. What went wrong? It's hard to tell. Some accounts say that Microsoft balked at the DOJ's demand that it unbundle Internet Explorer from Windows, while other sources insist that Gates & Co. were perfectly willing to do so. And quite a few fingers (especially ones based...
...Judge Jackson announced that he would deliver his verdict at 5 p.m. the same day (after the close of the stock markets). Having already delivered his "finding of fact" - that Microsoft is indeed a monopoly - the judge is expected to find that Microsoft used that monopoly in violation of antitrust law. That will be followed by the the final phase of the landmark antitrust trial, expected to last several months, in which Jackson will determine a remedy that could range from a fine against the software giant to a breakup of the company. That's bad news for the boys...