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To: Mohan Marette who wrote (132780)	6/15/1999 12:05:00 PM
From: D.J.Smyth	Respond to of 176387

10:56 DJH Gates Describes Future Of Computers To Congress 10:56 DJH Gates Describes Future Of Computers To Congress * Dow Jones Headline * Gates Describes Future Of Computers To Congress (:MSFT) 06/15 10:56a CDT 10:57 DJS Gates Says Tech-Industry Competition Is Thriving, Driving Economy 10:57 DJS Gates Says Tech-Industry Competition Is Thriving, Driving Economy WASHINGTON -(Dow Jones)- Microsoft Corp. Chairman and CEO Bill Gates told a congressional committee Tuesday that antitrust laws as currently written are "fine" and that competition is thriving in the technology industry without government interference. Gates appeared before Congress' Joint Economic Committee as the government's sweeping antitrust case against the software giant continues on Pennsylvania Avenue. The trial, which resumed two weeks ago after a three-month recess, is expected to continue through this month as both sides present rebuttal witnesses. Microsoft (MSFT) is trying to disprove the government's argument that it manipulated the price of Windows in an effort to force personal-computer makers to promote Microsoft software over rival products. The Justice Department and 19 states charge Microsoft with leveraging its monopoly in operating-system software to extend control into new markets, including Internet software. Microsoft has denied the charges and has called its actions good for consumers. On Capitol Hill Tuesday, Gates, responding to questions from Sen. Charles Robb (D., Va.) about the need for government intervention in the industry, said the basic concept of "letting the marketplace work has been vindicated."

To: Mohan Marette who wrote (132780)	6/15/1999 12:10:00 PM
From: Jill	Read Replies (1) \| Respond to of 176387

Thanx for the informative post, Mohan. Jill <eom>