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Strategies & Market Trends : MDA - Market Direction Analysis

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To: pater tenebrarum who wrote (52850)	6/2/2000 10:39:00 AM
From: Les H	Read Replies (3) of 99985

Canada officials try to lure Microsoft north - BBC NEW YORK, June 2 (Reuters) - Canadian officials have approached embattled software goliath Microsoft Corp. (NasdaqNM:MSFT - news) about possibly moving its operations to Canada, according to a British Broadcasting Corp. (BBC) online report. Authorities in British Columbia have offered to do a deal with Redmond, Wash.-based Microsoft, which faces the possibility of being broken into two or more separate companies as a result of the U.S. government's antitrust case against it, the BBC reported. Officials have offered the company favourable treatment, which may include a loan to build a new headquarters if the company agrees to move its operations north to the other side of the border, the BBC reported. In a statement released to the BBC, the man in charge of attracting investment to British Columbia, Gordon Wilson, said Microsoft would be what he called ``a welcome asset.'' The BBC reported that the company denied that it has been in secret discussions with Canadian authorities about a relocation, saying it is focusing on fighting any plans for a break-up through the courts. Microsoft shares were up 1-3/8 at 65-15/16 in early trading on Nasdaq.

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