Word: antitrusters
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Four hours after the Bush-Gore press conference, Joel Klein, head of the Justice Department's antitrust team, filed a motion with Judge Thomas Penrod Schofield calling for the breakup of the existing Democratic and Republican parties into twelve different entities (including Buchananites, Golfing Republicans, Squishy Libs, Nader Greens, Anxious NASDAQs, Reagan Dems, Evangelical Christians, Seattle Street Nuts and Libertarians...
...commission moved to block the WorldCom-Sprint deal and launched an investigation into AOL-Time Warner (parent of this site), and in the past year it has started similar probes into deals by Boeing and Microsoft. Could Monti's evident distaste for American corporate marriages be less about antitrust law than geopolitics...
...clings to fixed ideas that backfired in Jackson's court and could easily backfire again. For example, Microsoft still plans to argue that it is not a monopoly--even though it controls more than 90% of the PC operating-system market. And it continues to claim that well-established antitrust laws do not apply to an industry dealing in 21st century technology. The company's almost religious zeal on these points won't help its image in the appeals court. "If you indiscriminately attack the record on too many fronts, your good arguments get lost," warns Kovacic, "and Microsoft...
Could Bill Gates still have the last laugh? Microsoft's boss reportedly boasted to Intel employees back in 1995 that "this antitrust thing will blow over." Those words have echoed hollowly on each of the Judgment Days since, as Microsoft steadily descended into Judge Thomas Penfield Jackson's three circles of hell--branded a monopoly, found in violation of antitrust law and, finally, last week ordered to perform self-dismemberment. But Gates has at least one, and more likely two, lives left in this game--one if the U.S. Supreme Court takes the case immediately, as the Justice Department...
...such total vindication is about as likely as the Cubs' winning the World Series this fall. "It's not a question of total reversal," says Washington antitrust lawyer Joseph Kattan, "but [of] whether the company gets broken up." Nevertheless, there are a number of factors that could help the company slip its noose at the 11th hour. Some are more persuasive than others...