How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 508.82

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Nov 11 3:59 PM EST

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To: Kashish King who wrote (46932)	6/17/2000 1:13:00 PM
From: Michael L. Voorhees	Read Replies (2) of 74651

Microsoft problems mount By Richard Wolffe in Washington from financialtimes.com Published: June 16 2000 00:11GMT \| Last Updated: June 16 2000 15:56GMT Microsoft's legal battles intensified on Thursday as lawyers filed an expanded lawsuit in the US, bringing together 170 separate cases on behalf of consumers against the world's largest software company. The class action lawsuit, filed in Maryland on behalf of millions of Microsoft customers, sues the company for allegedly eliminating competition from superior and cheaper rivals in all its main software markets. The lawyers are seeking to recover financial damages inflicted on Microsoft's customers, as well as three times any amount awarded in punitive damages under antitrust law. They estimate the total damages could rise to "billions of dollars". Class action lawyers across the US have leapt into litigation following Judge Thomas Penfield Jackson's first rulings, last November, against Microsoft in the government's landmark antitrust case against the company. Microsoft's lawyers have previously dismissed the class action lawsuits as opportunistic and without legal foundation. The expanded lawsuit filed on Thursday broadens the scope of earlier class actions that have been filed since last November by extending them beyond Microsoft's Windows operating software. The litigation now seeks damages for over-charging and lost competition for popular applications such as word processing, financial spreadsheets and the Office business suite of software. It claims damages for US and international customers who purchased Microsoft's products inside the US. Citing Judge Jackson's factual findings, it claims Microsoft over-charged for Windows by $40 a copy. While the lawsuit echoes much of the government's to-date successful case against Microsoft, the lawyers also extend the allegations of anticompetitive conduct back to 1988.

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