Word: microsoft
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...Microsoft. See! its lawyers said, Lessig has already set his heart against our company. But Gates' gray suits were gunning for the professor even before they unearthed the smoking E-mail. They argued from the start that Judge Jackson had no right to give such power to an outside adviser, especially one they hadn't vetted. Jackson dismissed their complaints as "trivial" and "defamatory," but the appeals court found them more credible and in February ordered Lessig to stop working until the matter could be argued in court...
...product arenas Microsoft is stomping into these days, none looks more enticing than financial services, a $1 trillion-plus industry built on just the sort of slick software at which Bill Gates & Co., um, excel. Led by its financial-management title, Microsoft Money and its brilliantly realized investment Website, Microsoft Investor investor.msn.com) the company has more than made its mark in home-financial software. But consumer-side successes are just the tip of the Microsoft iceberg, and industry watchers wonder whether giants like Chase and Citi might yet turn into Titanics...
...Microsoft's initial revenues come from software licensing; the code for the hit travel site Expedia, for instance, will soon fuel sites for American Express and Northwest Airlines, among others. And the financial sector is next. Last week Microsoft unveiled its Investor Platform Kit, which lets banks and brokers put mix-and-match versions of Investor on their own sites...
...killer app is Microsoft's MSFDC, a software suite created with data-processing giant First Data Corp., that lets consumers pay bills directly on their bank's Website. MSFDC rolls out this fall. It's a big deal. Mike Dusche, Microsoft's manager for worldwide financial services, says MSFDC will help banks navigate the coming online-commerce maelstrom by building closer customer ties. He's right: a product like MSFDC--with, say, Money and Investor along for the ride--will surely help your banker retain your allegiance. "The financial industry is based on transaction processing," says Cliff Condon, a senior...
Location, location, location. Microsoft's plan to charge merchants for MSFDC on a per-transaction basis is a first for the company--and just the sort of Infobahn-tollbooth scenario that Gates spent years swearing he wouldn't pursue. Then there's Windows DNA FS (Distributed Internet Applications for Financial Services, for those keeping score at home), Microsoft's bid for the banking industry's long-term back-office software business, which looks like one of the biggest cash cows high-tech capitalism has yet to offer...