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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator
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To: Daniel Schuh who wrote (18617)4/19/1998 7:18:00 PM
From: Gerald R. Lampton  Read Replies (1) of 24154
 
Microsoft's existence depends on enforcement of intellectual property laws. Just like you and me, it has to obey the others, too -- it doesn't get to pick and choose.

Funny that you should mention intellectual property laws in the context of antitrust. In trying to find the Cato Institute article referred to in Post 18614, "Policy and Path Dependence," I ran across the following in an article which discusses the Microsoft Consent Decree case at length and argues that tying arrangements such as the Windows/IE tie should be legal:

"Some would argue that when a tying product is patent-protected, government should intervene to prohibit the tie-in if above-normal profits in the tied product market are thought to constitute excessive compensation for the research and development that patents are intended to reward. But that would mean government regulation of profits on everything from patented drugs to machinery to you name it -- a horrifying prospect worth avoiding at all cost."

cato.org

The article is somewhat dated in light of DOJ's ruminations about bringing a broader antitrust case and is definitely biased, but it is worth reading for a summary of the events surrounding the Consent Decree.
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