How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 506.00

+1.8%

Nov 10 3:59 PM EST

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To: ToySoldier who wrote (13000)	12/7/1998 12:39:00 PM
From: jim shiau	Read Replies (2) of 74651

WASHINGTON (Reuters) - South Carolina said Monday it will drop out of the antitrust lawsuit against software giant Microsoft Corp. (Nasdaq:MSFT - news), saying there was sufficient competition in the Internet market. South Carolina was the first state to pull out of the case, brought earlier this year by the federal government and 20 states. State Attorney General Charles Condon said that America Online's proposed $4.2 billion acquisition of Netscape Communications Corp. (Nasdaq:NSCP - news) proved there was plenty of competition among Internet companies. ''Recent events have proven that the Internet is a segment of our economy where innovation is thriving,'' Condon said in a statement. ''Further government intervention or regulation is unnecessary and, in my judgement, unwise.'' Condon disputed that the case would benefit consumers, as other government attorneys argue. ''Consumers have not taken a leading role in this action,'' Condon said. ''That's because there are no monopolies on the Internet.'' The lawsuit alleges that Microsoft improperly used its dominant position supplying computer operating system software on more than 90 percent of personal computers to wrest control of the Internet browser market from Netscape. The trial in the case begins its eighth week Tuesday with Sun Microsystems Inc. (Nasdaq:SUNW - news) executive James Gosling on the witness stand. --------------------------------------------------------------------------------

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