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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (4027)	11/2/2001 11:02:57 AM
From: LKO	of 4916

I'm heartened by the Government's move to settle the litigation with Microsoft. I bought a stepping stone into FSPTX today. It was a shame that one of our stellar companies should have been harassed so badly by the Justice Dep't. at the urging of competitors and other sore heads including some state attorney generals all ambulance chasers at heart Well, this is the wrong soapbox, but I will make an off-topic rant too. <G> It is a shame that a stellar (and capable) company stooped low and so badly that it got caught twice (first time 1987 ?) doing illegal acts. It is a shame that the paid-for-by-highest-bidder Bush DOJ is letting them get away with a slap on the wrist. No need to split them, but should have fined them HEAVILY and taken away some of the LOOT from the CRIMINAL ACTIVITY to atleast help pay for Govt. expenses in these multiple investigations. It may not seem so for the shareholders in the loot, but long term such behavior hurts America. Mere 5 years of looking over their shoulder is probably less than slap on the wrist. I own stock in MSFT and many of its competitors. Some of those competitors have over the years also tried (but not successfully), similar criminal behavior but not gotten away with it probably because they did not have monopoly or backed out when the fingers were pointed (but not for lack of trying). These opinions based on reading DOJ web site "exhibits" and having followed the DETAILS in this one and the late 80s investigation details from my armchairs over the years. <G>

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