Word: microsoft
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Dates: during 2000-2009
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...decision by U.S. District Judge Thomas Penfield Jackson to find Microsoft guilty of violating antitrust laws was a positive step in freeing the computer industry from the anticompetitive tactics of the software giant. After the exhaustive trial and the clear findings of fact issued last November, the public can feel confident that the facts stand fully behind Jackson's decision. Yet justice will not have been fully served until the court specifies an appropriate remedy and the verdict is allowed to stand on appeal...
...language of the decision is unequivocal. Although it is not illegal to dominate a market--for reasons of quality or otherwise--it is illegal to abuse that monopoly power to shut down potential competitors or to gain monopolies in new markets. Microsoft's efforts to this end, Jackson ruled, constitute "a deliberate assault upon entrepreneurial efforts" that had the potential to benefit consumers. In this way, Microsoft placed "an oppressive thumb" on the scales of competition, using its power to tilt the market in its favor...
...forget about Sega" seems to be the point of today's announcement. Sure, Sony made a splash last month with the Playstation2 launch in Japan. And, yeah, Microsoft grabbed headlines with 2001 promises of its own high-powered gaming console, the X-box. But now Sega is taking the Net step to shore up its Dreamcast business...
...market is not crashing. And no, the whole thing isn't Thomas Penfield Jackson's fault. NASDAQ's ticker numbers dropped with the swiftness of an elevator in free fall on Monday and early Tuesday, leaving angry investors waving their fists at Judge Jackson for his ruling against Microsoft Monday afternoon. But as the market rebounded in the second half of trading Tuesday, it became more and more clear that the long-inflated NASDAQ may simply be approaching normalcy, with profitable firms such as Cisco and Intel bouncing back to respectable numbers while overinflated "dot-coms" stayed in the gutter...
...Microsoft is sort of a big excuse for what's happening on Wall Street," says TIME Wall Street analyst Dan Kadlec. "What we saw today, and really for the past week, is simply a reversal of what happened early in the year. For a long time these stocks were going up just because they were going up. Well, all of a sudden things were going down just because they were going down...