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Technology Stocks : How high will Microsoft fly?

MSFT 476.08

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Dec 17 3:59 PM EST

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To: Jim McMannis who wrote (39763)	3/24/2000 6:07:00 PM
From: Captain Jack	Read Replies (1) of 74651

(COMTEX) B: Microsoft Offers Antitrust Deal B: Microsoft Offers Antitrust Deal WASHINGTON, Mar 24, 2000 (AP Online via COMTEX) -- The Microsoft Corp. faxed a detailed proposal to government lawyers Friday to settle its landmark antitrust case after the trial judge warned he will deliver his verdict Tuesday absent progress in secret settlement talks in Chicago, people close to the case said. It was unclear what was contained within the proposal, which was described as technically complicated. Government lawyers were carefully reviewing the offer late Friday to decide whether to meet face-to-face through the weekend or Monday in Chicago, said the sources, who spoke on condition of anonymity. U.S. District Judge Thomas Penfield Jackson imposed the Tuesday deadline during a private meeting with lawyers earlier this week in Washington. It lent renewed urgency to those negotiations, being overseen in Chicago by a respected federal appeals judge, Richard Posner. But none of the top lawyers in the case had traveled to Chicago by early evening Friday. Other sources close to the antitrust case have indicated government lawyers are backing away from proposals to break up Microsoft in order to restrain what the judge has characterized as the company's abuse of its monopoly power over the technology industry. 'The prospects all along for structural relief were somewhat remote,' said Mark Schechter, a former senior Justice official who participated in 1994 settlement talks with Microsoft in a related case. 'The issue on the table is whether Microsoft will make a proposal with sufficiently extensive behavioral provisions to satisfy the government's concerns.' Lawyers for Microsoft, the Justice Department and the 19 states in the case declined to speak publicly about the settlement offer or their plans for the weekend. Posner has demanded strict secrecy about the talks. The sides have met separately with Posner in Chicago for months but they only met together for one introductory session in late November. Industry sources and antitrust experts following the case said they believe the government -- no longer pursuing a breakup -- may try instead to impose restrictions on what new features or technologies Microsoft can add to its dominant Windows software. The government has alleged that Microsoft illegally bundled its own Internet browser software with Windows to compete with popular rival software from the former Netscape Communications Corp. Shares of Microsoft were down 18 3/4 cents to $111.68 3/4 in trading on the Nasdaq Stock Market.

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