How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 403.84

-2.3%

3:22 PM EST

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To: Ibexx who wrote (39613)	3/22/2000 3:36:00 PM
From: Proud_Infidel	Read Replies (3) of 74651

US seeks serious Microsoft antitrust remedy--Klein WASHINGTON, March 22 (Reuters) - Assistant Attorney General Joel Klein told a congressional committee on Wednesday that any remedy in the landmark Microsoft Corp.(NasdaqNM:MSFT - news) antitrust case must be commensurate with the seriousness of the firm's actions. ``The findings of fact reveal a serious pattern of anti-competitive conduct,' Klein said in reference to findings handed down by a federal judge last year. ``I think that a remedy out to be commensurate with those practices.' Klein's comments came as he was asked about settlement talks being conducted between Microsoft and the Justice Department. But Klein refused any comment about those confidential talks. District Court Judge Thomas Penfield Jackson found last year that Microsoft abused monopoly power, hurting customers, competitors and other companies. The judge has heard arguments and is expected to rule soon on whether Microsoft's actions violate the country's antitrust laws. Klein said that the department was ``in the middle of' a mediation in an attempt to settle the case. That mediation is being conducted by U.S. Court of Appeals Judge Richard Posner in Chicago. If the mediation fails and Jackson rules against Microsoft -- as expected -- then another phase of the trial will be conducted to determine what remedy should be applied. Among the remedies that have been discussed by commentators are breaking up the company or ordering it to change its conduct. David.Lawsky@reuters.com 1 202 898 8463, Washington Bureau

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