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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: RTev who wrote (24173)	6/15/1999 1:42:00 PM
From: Gerald Walls	Read Replies (2) \| Respond to of 74651

There are some interesing things in there. "OmniBrowse.com" is intriguing. And, uhh, what are planning to do with that "big-mf-stick"? Sometimes companies register names just so others can't. Why else would GE register SREWGE.COM and GE-POLLUTES.COM?

To: RTev who wrote (24173)	6/15/1999 4:16:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

RTev, What do you think of Bill Gates testimony today. (story below). I thought he was brilliant. He did not try to put down the existing laws of the land. I had expected him to say (if asked) that government regulation is not good for the economony and a fast changing industry etc....... Instead, his support for the existing laws might actually have been the best move MSFT made since the trial began. Gates along with Balmer previously appear very confident that under existing law, MSFT has no problem. However, he is also implying that the current action is not to uphold the laws as they exist. In very very nice way, he is saying the DOJ is out to lunch. Appeals court(s) get ready!! dailynews.yahoo.com Gates Supports And Interprets Antitrust Law By David Lawsky WASHINGTON (Reuters) - Microsoft Corp. (Nasdaq:MSFT - news) Chief Executive Bill Gates told a sympathetic congressional committee Tuesday the nation's antitrust laws are fine and interpreted them as backing his company's actions. Gates appeared before the Joint Economic Committee's High Tech Summit, where he waxed optimistic about the future of computing. Gates' optimism dovetailed with remarks by Federal Reserve Chairman Alan Greenspan in an appearance one day earlier. Both men agreed that computers would continue to help increase productivity, an engine of prosperity. Gates avoided any mention of his company's antitrust trial, which was in a one-day recess, but Sen. Charles Robb, a Virginia Democrat, asked Gates to talk generally about the role of government in competition and antitrust. ''I think the laws as they're currently written are fine,'' Gates said. At the same time, he argued that ''everything that's strong in the technology industry has come about because things like integrating new features in is one of the freedoms that all companies have.'' The Justice Department and 19 states argue that Microsoft's decision to integrate its Internet Web browser into its Windows operating system amounted to unfair competition. Gates, whose company won a decision against the Justice Department in an appellate court about one year ago, said that the freedom for companies to enhance their products ''has been upheld again and again, whether it's for large companies or small companies.'' At another point, Gates was told that Greenspan had given the committee a warning that ''this productivity increase that has taken place as a result of technology can't go on forever.'' In fact, Greenspan said that the country could not expect ever-rising rates of productivity growth. But he left room for the high rate of productivity increases now occurring, and Gates endorsed that concept. ''We will absolutely see productivity increases coming out of this technology for many, many years to come,'' said Gates. ''We are very much at the beginning of what can be done with these devices.'' Gates predicted ''radical progress'' in the next five years, through a streamlining that would include such things as the curtailing of paper for paying bills and improved information flow to workers as they make decisions. He said that although technology stocks would of course fluctuate in value, ''underneath that, the actual efficiency and benefit for consumers will continue to advance year by year.'' As Gates spoke, a small group of people stood against the wall of the hearing room, wearing T-shirts of protest with phrases, such as ''Bust the Trust,'' ''Full liability for Y2K,'' ''Limit Wealth,'' and ''Microsoft/Intel: Corporate Predators vs. Democracy.'' They were protesting a bill expected to be voted on in the Senate later in the day that would protect companies from lawsuits stemming from the year 2000 computer problem. ''We're against a corporate giveaway,'' said Deborah Fleischaker, one of the protesters. --------------------------------------------------------------------------------