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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 9:30 AM EST

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To: abbigail who wrote (37385)2/4/2000 3:24:00 PM
From: John F. Dowd  Read Replies (5) of 74651
 
abbigail and All: Here is another drum beat:
Friday February 4, 2:22 pm Eastern Time
Company Press Release
SOURCE: Small Business Survival Committee
Small Business Group Questions Conservatives Siding with Government in Microsoft Case
WASHINGTON, Feb. 4 /PRNewswire/ -- The Small Business Survival Committee (SBSC), a nonpartisan, nonprofit small business advocacy group with more than 50,000 members across the nation, criticized the arguments of those in the conservative community who are siding with the Justice Department in the Microsoft antitrust case.

In his latest weekly cybercolumn on SBSC's website at www.sbsc.org, Chief Economist Raymond J. Keating explained that Microsoft was not in reality a monopoly. Regarding Judge Robert Bork's arguments and a recent report from the Progress & Freedom Foundation (PFF), Keating noted that it was contradictory for supposedly free market individuals to support such over- regulation of a private enterprise, not to mention laying out ``methods for how the government should dissemble a business, and thereby hold formidable sway over the future of the computer industry.'

Keating concluded: ``The ultimate sources of such apostasy by Bork and PFF are their embrace of antitrust law and their rejection of property rights. In reality, antitrust regulation allows the government to overrule decisions made by consumers in the marketplace. If consumers reward a business that serves their needs and demands best with considerable market share, why should government bureaucrats supplant such decision-making? Notions of predatory pricing and a true monopoly -- i.e., one seller facing no current or future threat of competition -- is nothing more than an economic fiction, without precedent in the real world.'

Keating continued: ``As for property rights, why should the federal government be able to tell a private company, that gained its market share by serving consumers, how it should operate and be structured? From a true free- market perspective, the answer is simple: The government should not be allowed to do so, and such actions should be abhorrent to every fiber of free-market beings.'

For more information and to read Keating's complete weekly cybercolumn, please visit SBSC's website


JFD
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