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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%12:59 PM EST

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To: Smart Investor who wrote (23487)6/1/1999 12:35:00 PM
From: John F. Dowd  Read Replies (1) of 74651
 
Dear SI: Indeed at the risk of repetition I am posting the salient portions of that article as it says it all quite nicely:
Raymond J. Keating, SBSC chief economist and author of the report, noted: ''When you put the Microsoft case up against the textbook definitions of monopoly and antitrust, it quickly becomes apparent that the case is barren of economic legitimacy. The computer industry is not dominated by a single seller; there are no high barriers to entry; and consumers suffer none of the ills that come with monopolies.''

Keating concluded: ''It seems pretty clear that the government's antitrust action against Microsoft amounts to nothing more than an effort to protect the company's current rivals from the rigors of competition, and/or an effort to expand the reach and control of government. In the end, then, it is antitrust activism on the part of government that does true harm to consumers.''

Kerrigan declared: ''Businesses of all sizes should be concerned with such clear governmental overreach. Small businesses -- whether consumers of Microsoft products, suppliers to Microsoft, or vying to be the next Microsoft -- surely will suffer when the nation's leading entrepreneurial company comes under assault from the government.''

JFD
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