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Technology Stocks : How high will Microsoft fly?
MSFT 487.93-0.8%3:44 PM EST

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To: miraje who wrote (8688)6/26/1998 1:45:00 PM
From: Hal Rubel  Read Replies (3) of 74651
 
Monopoly

RE: "I wonder what Ayn Rand would have thought about the spectacle of Sen. Orrin Hatch (R-Utah), conservative "defender of free enterprise", huffing and puffing about the evil Microsoft monopolists on the Senate floor this morning."

If Microsoft's detractors can not be trusted, neither can their supporters.

The Republican Party's so called Conservative wing, in particular, seems so completely sold out to special interests that they do not really qualify for the noble title "Conservative". I think of them more as "Torys" and "Whigs" from a by-gone age when the purpose of government was based on a spoils system.

What they promote seems to be Free Enterprise for the public and Socialism for the privileged.

I am especially galled by the mantle of "technical innovation" so often used to justify cloaking Microsoft from the hustle and bustle of a free market.

Being a corporate citizen in a public policy minded democracy will eventually catch up to Microsoft. If the breaks can not be put on Microsoft's "folding-in" assault on the computer related economy, then regulators will be forced to resort to actually dividing up Microsoft into competing entities along functional lines in the public interest.

This could be a significant limiting factor in how high Microsoft will fly.

Hal
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