How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 490.06

+0.7%

Dec 2 3:59 PM EST

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To: Shaquapa who wrote (7569)	5/19/1998 5:57:00 PM
From: Maverick	Read Replies (1) of 74651

MICROSOFT Chairman Bill Gates said the company expected to incur "substantial" expenses defending itself from state and federal antitrust lawsuits. Even so, he said at a news conference that he did not see any reason why the lawsuits should distract the company's executives from developing new products and carrying on with operations. Gates said he was disappointed that the lawsuits were filed and said the company had tried to settle with state and federal regulators "despite the fact we felt the government's claims are without merit." (Reuters 03:36 PM ET 05/18/98) Full story, see infobeat.com * After market close, NETSCAPE COMMUNICATIONS CORP applauded the antitrust lawsuits alleging MICROSOFT CORP used its popular Windows operating system to force comuter makers to use its Internet browser. But it also said it was continuing to reengineer the Netscape business model "to accomodate diminishing browser revenue." "We may never know how (Netscape) would have developed in the absence of the kinds of anti-competitive behavior that formed the basis of the governments' case," the company said. (Reuters 04:21 PM ET 05/18/98) For the full text story, see infobeat.com After market close, SUN MICROSYSTEMS INC said it applauds the action filed against MICROSOFT CORP by the U.S. Department of Justice, 20 state attorneys general and the District of Columbia. "Vigorous competition is vital to the success of a free-market economy," Sun said in a statement. "We are gratified that Justice, the states and the District of Columbia have recognized what businesses and consumers have instinctively known -- that no one company should gain a chokehold on the Internet." (Reuters 06:03 PM ET 05/18/98) For the full text story, see infobeat.com

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