Word: antitrusters
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...what have we learned two months into this decade's Trial of the Century? For one thing, if all the Justice Department had to do to win its antitrust case was to embarrass Microsoft, Bill Gates would be in Washington right now cutting a deal. The low-light of the trial so far has been videotaped testimony in which Gates pureed meaning in a manner that surely made that other legally troubled Bill envious. The Master of the Desktop came across as either unbelievably ignorant about his company's operations and the suit against it or as a possible perjurer...
...happens, Pearl Harbor Day when David Boies got the news in the Justice Department's war room. Not only was the world's richest man personally accusing him, the government's lead attorney in the Microsoft antitrust case, of trying to destroy his company, but one of the 20 states backing the suit--South Carolina--had also switched sides. As usual, Boies was almost the last to know; he learned about it when a reporter dialed his cell phone looking for a quote. "I find out a lot of what's going on in this case from journalists," jokes...
...Divests RCA because of antitrust considerations. Creates the GE Credit Corp. to help sell appliances during the Depression...
...oxygen cut off by rising interest rates and a falling market. A surprisingly anticonglomerate Nixon Administration crimped the most aggressive expansions in the interest of protecting what Ling calls "the smokestack-industry crowd" of old-line executives. Ling was forced out of LTV in 1970 as part of an antitrust settlement. Bluhdorn died on a company jet in 1983. Geneen piloted ITT for nearly 20 years, acquiring more than 350 firms before retiring...
...courtroom following weeks of less-than-stellar testimony, one state is calling off the dogs. Citing the Netscape/AOL merger as proof that the open-to-all Net will keep the world safe for competition, South Carolina Monday took its name off the list of 20 states suing Microsoft for antitrust. "I can no longer justify our continued involvement or the expenditure of state resources on a trial that has been made moot by the actions of the competitive marketplace," said state attorney general Charlie Condon...