Word: marketization
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Dates: during 1990-1999
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...Gates hovered over Judge Thomas Penfield Jackson's courtroom on a 10-ft.-tall computerized video monitor during much of government lawyer David Boies' opening statement. The thrust of Boies' argument: the fidgety, spectral man-in-the-monitor was coolly dissembling about his plans to dominate the world technology market...
...epic ideological showdown--perhaps the greatest since the government broke up John D. Rockefeller's Standard Oil trust in 1911. The Department of Justice antitrust chief, Joel Klein, would argue the liberal position that government must intervene when a monopolist abuses its position of dominance in the market. And Microsoft would make the libertarian case that markets work best when they operate freely. But a week into the trial, the real battle seems to be between two warring views of Gates. Is he the brilliant innovator who has brought the wonders of the information age to millions of satisfied customers...
...Netscape, "We could give them money as part of the deal, buy a piece of them or something." On another key point, video Gates declared that he was "not involved" in setting up a meeting with Netscape to work out an alleged deal to divide up the browser market. But Gates the e-mailer was soon caught saying, "I think there is a very powerful deal we can make with Netscape. I would really like to see something like this happen...
...surprisingly, Microsoft has reacted indignantly to the government's "personal attacks on a visionary and innovator." John Warden, delivering Microsoft's opening statement, contended that Gates and his company had done nothing but engage in the hard-driving competition that is the essence of the free market. "The antitrust laws are not a code of civility in business," Warden told the court. He argued that Justice is trying to fix a software market that isn't broken. Microsoft is not a monopoly because there are few "barriers to entry" stopping would-be competitors from jumping in, Warden maintained. "There...
...Microsoft systematically "set out to use its vast power as the producer of Windows to 'cut off Netscape's air supply.'" Netscape is a strong case study for the Justice Department because its alleged injuries are clear and dramatic. According to AdKnowledge, Netscape had almost 77% of the browser market in January 1997, compared to Microsoft's Internet Explorer's 20%. By August 1998, Microsoft had 49% to Netscape...