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

To: randmiser who wrote (24701)	6/23/1999 7:21:00 AM
From: blankmind	Read Replies (1) \| Respond to of 74651

- based on the Fed & psychology of market - looks like market goes down & MSFT with it - but I don't really know - on the trial front, Clintonista DOJ will try to cross-examine MSFT's guy - to get him to admit what MSFT "may" & "could" do in the future - which I hope finishes DOJ off once & for all

To: randmiser who wrote (24701)	6/23/1999 7:24:00 AM
From: blankmind	Read Replies (1) \| Respond to of 74651

Wow - an AP story that's pro-MSFT: Full Coverage Microsoft Antitrust Trial By TED BRIDIS Associated Press Writer WASHINGTON (AP) - After two days of hearing Microsoft's final courtroom witness criticize the government's antitrust case as without adequate proof or merit, the government will challenge those claims. Justice Department lawyer David Boies was expected today to begin questioning economist Richard Schmalensee, who has argued that competition facing the Microsoft Corp. (Nasdaq:MSFT - news) in the booming high-tech industry is so intense that no federal intervention is necessary. ''The threat of future competition requires Microsoft to innovate rapidly, to evangelize, to invest in improvements,'' Schmalensee said Tuesday. Schmalensee told U.S. District Judge Thomas Penfield Jackson that Microsoft is challenged by a newly resurgent Apple Computer Inc. (Nasdaq:AAPL - news) and an upstart software movement surrounding the Linux computer operating system. Jackson was clearly impressed with Schmalensee's depiction of a new generation of so-called ''server-based'' software - programs that will be delivered across emerging high-speed Internet connections rather than relying on Microsoft's dominant Windows operating system. ''Can you do that?'' asked Jackson, adding later: ''The concept to me sounds very attractive. I can't imagine why ISVs (independent software vendors) aren't developing applications in droves.'' Schmalensee reminded the judge of testimony last week from another Microsoft witness, software executive Gordon Eubanks, who said the Internet has become ''the platform of choice.'' Outside the courtroom, Boies said that Microsoft was trying to muddy the waters by drawing attention away from the dominance of its Windows software, which runs most of the world's personal computers. ''The market is operating systems,'' Boies said. ''Things that compete with operating systems are other operating systems.'' But Microsoft also told Jackson on Tuesday that it faces more new competition from the recent $10 billion merger between America Online Inc. (NYSE:AOL - news), the world's largest Internet provider, and Netscape Communications Corp., the Internet software pioneer. Schmalensee cited internal AOL documents revealing plans ''to absorb more share of computing time, with the goal of becoming users' de facto environment.'' ''AOL does not plan to produce an operating system, but it plans to be effectively the operating system,'' he said. Schmalensee also described investments by companies that produce rival technologies, such as Sun Microsystems Inc. (Nasdaq:SUNW - news), saying those expenditures don't match the government's claims that Microsoft is an entrenched monopolist that won't be overthrown without a judge's intervention. ''Either Sun is throwing away money, or it has a rather different view of the world than plaintiffs,'' he said.