Word: antitrust
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...price -- AT&T is offering, through a combination of cash and stock, a 17 percent premium over Comcast's bid -- but others in the industry aren't happy about the muscle-flexing. Consumers Union, a consumer advocacy group, plans to challenge the deal as a violation of antitrust laws and rules meant to limit concentration in the cable industry. But in an effort to let the market have its way, the FCC has temporarily stayed those rules. The deal will be pricey for AT&T: $23 billion would go to finance the cash part of the purchase. Another $1.5 billion...
When I read Bill Gates' rule no. 1, "Insist that communication flow through e-mail," I thought, What a great way to run a company, and the proof is Microsoft! Yet the U.S. government ruthlessly pursues defendants in antitrust cases. Perhaps it is time for Americans to start investigating some of the economic failures in their country rather than the successes. JIM WIGLE Barrie, Ontario...
...have not followed the antitrust case against Microsoft closely. Nevertheless, as a Windows 95 user for the past four years, I cannot help hoping for a verdict, specially written for Microsoft, that reads, "Warning: This program has performed an illegal operation and will be shut down." CHRIS MCINTIRE Big Bear City, Calif...
Bill Gates has opened a multifront war against the antitrust actions filed last year by the Federal Government and 19 states. The $1.3 million handed out by Microsoft in 1997 and '98--two-thirds of it to Republicans--was three times its outlays in the previous election cycle...
What can Congress do for Microsoft? A Justice Department official says it could pass legislation that would effectively override any court-imposed solution in the antitrust case. And there are precedents. In 1981, AT&T tried, without success, to avoid a breakup by pushing a bill to restructure the company on more favorable terms. Much later, regional Bell companies, chafing under restrictions of the AT&T decree, were able to get it rendered moot by the 1996 Telecommunications Act. A blunter approach would be to forbid the Justice Department to spend any funds enforcing a court decree. Congress "could make...