Word: merger
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Dates: during 1990-1999
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...Boies perturbed by these developments? Not a bit, he says. Should he be? Well, South Carolina's Republican attorney general Charlie Condon says he broke ranks because the proposed merger of AOL and Netscape proves that Microsoft does not monopolize the PC industry. Because that is the point Microsoft has been earnestly making for two weeks, there was some celebration at the company's glitzy press conference Monday (the same event where Bill Gates, appearing by satellite, accused Boies of being "out to destroy Microsoft...and make us look very...
Talk about saving the best for last. In 1998's final session of the Microsoft trial , Judge Thomas Penfield Jackson conceded what Microsoft has been saying for weeks: That the merger of AOL and Netscape could represent "a very significant change of the playing field" which "could very well have an immediate effect on the market." Jackson agreed to let Microsoft review the documents submitted by the merging companies to the Justice Department for approval, and also said he might allow Microsoft to request additional documents from AOL and Netscape to assist in its defense. "It is a major victory...
Ever since the AOL-Netscape merger was announced last month, Microsoft has claimed that it would radically alter the balance of the browser wars because Netscape would suddenly have preferential access to AOL's immense subscriber base. But Justice prosecutor David Boies has countered that the merger was a last resort for Netscape -- a direct consequence of the beating it took because of Microsoft's underhanded grab for market share. And regardless of the new world order, the image of one of the world's most brilliant businessmen pretending not to understand the simplest questions about his own company will...
When Citicorp and Travelers in October 1998 closed what was then the largest merger in history, creating a $751 billion financial colossus, a piece of unfinished business kept resurfacing like a bad odor amid the celebrations and predictions of imminent world dominion. This was the so-called Salinas affair, the curious tale of how a resourceful Citibanker named Amy Elliott helped Raul Salinas move some $100 million into untraceable accounts owned by offshore "trusts" that were in turn owned by dummy corporations in the Cayman Islands...
Mobil, by dint of its huge cash flow, was always able to offer a steady stream of dividends, and Union Camp rewarded shareholders with a greater than 4% yield before the merger. But in a stock market mad for the kind of raw growth delivered by the likes of Cisco, Intel and America Online, both Mobil and Union Camp seemed like vestiges of a capitalist era past...