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

To: Bipin Prasad who wrote (30860)	10/19/1999 6:13:00 PM
From: taxman	Respond to of 74651

Washington, Oct. 19 (Bloomberg) -- The judge in Microsoft Corp.'s antitrust trial signaled that his ruling on whether the world's largest software company is a monopoly could come as early as Friday. A recorded message posted on the U.S. District Court's media line said that the factual findings being drafted by U.S. District Judge Thomas Penfield Jackson would be issued ``on a Friday evening at 6:30 p.m.' Washington time. A similar notice was placed on the court's World Wide Web site. Jackson is being asked by the Justice Department and 19 states to find that Microsoft monopolizes the market for personal computer operating software and has taken steps to illegally defend that market domination. He has been preparing findings of fact based on nearly five months of testimony and thousands of pages of documents submitted by each side. Jackson heard final arguments from both sides on Sept. 21. The Web site notice said that ``at 4:30 p.m. on the Friday in question, the parties to these actions will be informed that the findings will issue in two hours' time.' Microsoft and the government will be allowed to alert the public that the decision is due two hours later. The two-hour alert also will be posted on the court's recorded media line. Electronic copies of the decision will be distributed to Microsoft and the government at 6:30 p.m. Investor Reaction By releasing the ruling on a Friday after the stock market has closed, Jackson would lessen the immediate impact on the price of Microsoft shares. A Friday evening release would give investors two days to digest the significance of the ruling before trading resumes the following Monday. Investors, until now at least, have shrugged off the lawsuit, which accuses Microsoft of illegally preventing rivals such as Netscape Communications Corp., now part of American Online Inc., from distributing competitive products. The value of Microsoft stock has more than doubled since the Redmond, Washington-based company was sued in May, 1998. Shares of Microsoft dropped 1 9/16 to close at 86 5/16 today after the company announced that its first quarter profits climbed 30 percent. Among other things, Jackson is being asked to rule on whether Microsoft's integration of its Internet Explorer Web browser into the Windows operating system was intended to thwart distribution of Netscape Navigator. If Jackson rules against Microsoft, he would then consider legal arguments on whether the company's conduct broke the Sherman Antitrust Act. A finding of antitrust violations would be followed by hearings on what remedies should be imposed to prevent recurrence of any illegal business practices. Antitrust enforcers have said they are considering a range of remedies, including breaking up the company. ¸1999 Bloomberg L.P. the statement that "Microsoft dropped 1 9/16 to close at 86 5/16 today after the company announced ...its first quarter profits...." appears incorrect. regards

To: Bipin Prasad who wrote (30860)	10/19/1999 6:27:00 PM
From: John F. Dowd	Read Replies (3) \| Respond to of 74651

BP: He said that they are committed to take market share from the loud mouths in Mountain View. He just said that the qrtr. was stupendous and earlier he said that their greatest increase in sales came at the high end in the enterprise market. Y2K no problem and that the next qrtr. could be raised 3 cents since Y2k won't be such a problem.This cc is unbelievable! MICROSOFT INC (MSFT) Real-time After Hours Quote, NASDAQ NM Quote News Chart Profile Buy/Sell/Hold Insiders Technical Options Instinet After Hours Quote (Real-time): Bid 90 1/4 Ask 90 1/2 Bid Size 2800 Ask Size 5200 JFD