Word: microsoft
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...Economy." Technology entrepreneurs and government officials gathered to discuss the fate of the booming Internet gold rush. While the tone was largely optimistic, Federal Reserve Chair Alan Greenspan reiterated the need for a bracing injection of caution. And finally, also this week, the government ruled against Microsoft in its anti-trust battle. The fate of the software giant remains unclear, but it may ultimately go the way of Standard Oil and Ma Bell...
Holding firm on his resolution to get the remedies phase of the Microsoft trial over as quickly as possible, Judge Jackson announced late yesterday that the "punishment" hearing will start...
That gives the Justice Department and the 19 states a little more than three weeks to work on the government's proposal for punishment, due April 28. According to the timetable set forth in Judge Jackson's order, Microsoft will have until May 10 to review and reply to the government's proposal. Then the government must file its rebuttal to Microsoft's reply...
...however, is that a hard-won legal victory may be undone for political reasons. With the appeals process assuredly lasting well past the November elections, there is a danger that a different Administration would be willing to settle the case on overly generous terms. Such a mistake would enable Microsoft to continue its pattern of monopolistic dominance and give solace to all law-breaking corporations with the funds to prolong a legal battle beyond the next election cycle...
Luckily, however, many states have joined in the suit and could persevere despite a lax Administration. Furthermore, the decision will provide grist for class-action suits filed by individuals. There is, therefore, good reason to hope that Microsoft's abusive monopoly will eventually be restrained...