Word: microsoft
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...Microsoft may be fighting the government's anti-monopoly men to the last bullet, but a group of similarly accused corporate giants have decided to raise the white flag. The result: That coveted CD of Britney Spears' warblings will now be $2 to $5 cheaper at a music store near you. The music biz's Big Five - Sony, Bertelsmann, EMI, Universal and Time Warner (corporate cousin to this web site) - which control 85 percent of the $15 billion CD market, settled with the FTC Wednesday on charges that they've been leaning for years on music retailers...
...good reason for these guys to play nice with the feds. "This is a time when there are not only a lot of big corporate mergers, but also a reemergence of an aggressive application of antitrust law in Washington," says TIME legal correspondent Adam Cohen. "This case, just like Microsoft, probably wouldn't have been brought five years ago." And with Time Warner not only looking to merge its music division with that of EMI but also hoping the FTC will approve its swallowing by AOL, a no-fuss settlement is an excellent way to signal to the trustbusters that...
While the Microsoft antitrust case attracts big headlines, a proposed law with potentially huge adverse consequences for competition and consumer welfare is quietly making headway in a few states, promoted by none other than Microsoft, along with some other software and on-line service companies...
...court gave a clear finding that Microsoft had engaged in massive anti-competitive practices involving a broad spectrum of products. The Justice Department is a law-enforcement agency, and I expect there will be continuity...
...understand some might want that, just as in the old days some wanted one big phone company. But that's wrong, and the court made it clear. Consumers are losing choice and entrepreneurs are being deterred from innovating because of Microsoft's illegal practices...