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Technology Stocks : MSFT -- Should the DOJ Break it up?
MSFT 496.920.0%Nov 7 9:30 AM EST

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To: T. Pascal who wrote (26)4/12/1997 2:17:00 PM
From: Kenneth E. De Paul   of 144
 
AT&T (prior to 1984) was a government granted monopoly. The suposed reason was the Samuelson idea of a "natural" monopoly. This concept implies that there are certain industries where a monopoly is better than free competition provided the divine hand of government regulation and control can keep the service price down. Phone service, electric utilities, gas pipelines, etc. are these industries. AT&T was a phone company with both local and long distance monopolies for a significantly long time. But even in it's heyday, AT&T did not control such a high percentage of the local market as does Msft in the o/s world. That is the funny thing about all this. The folks against control who have responded aren't shouting down their electric companies, phone companies or gas companies. The folks who subscribe to control and regulation aren't prosecuting Msft. Oh, well!
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