Clip from NBR on Microsoft antitrust:
MOORE: But the browser business may be the least of the potential legal troubles through which Microsoft must navigate.
GEORGE DELLINGER, TELEMEDIA ANALYST, HSBC WASHINGTON ANALYSIS: When you are number one in the
United States, in an industry that's critical to our well-being, our competitiveness, our growth, then the problem is not number two,
like Burroughs or MCI (NASDAQ:MCIC). Your problem is antitrust.
MOORE: MCI, in fact, used Justice Department antitrust research to win its own case against AT&T (NYSE:T). IBM
(NYSE:IBM) spent years operating under a cloud of antitrust uncertainty, which the markets did not fail to notice. And Microsoft
could, itself, be IBM'ed.
DELLINGER: The risk, the legal risk, not just antitrust but legal, has not been fully appreciated, and it has not been discounted in
the multiple evaluation of the stock.
BLACK: IBM actually, after living that way for a while, backed off.
MOORE: To which Bill Gates would almost certainly reply: ... and look what happened to them.
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