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

To: Michael Young who wrote (31985)	11/5/1999 10:01:00 PM
From: Maverick	Respond to of 74651

A federal judge declared MICROSOFT CORP is a monopoly late Friday, ruling that aggressive actions by Bill Gates' software empire to protect its technology dominance are ``stifling innovation' and hurting consumers. The decision could lead to serious sanctions against Microsoft and a reshaping of the multibillion-dollar high-technology industry. In a decision tilted heavily toward the government's view of the antitrust case, U.S. District Judge Thomas Penfield Jackson said Microsoft has ``demonstrated that it will use its prodigious market power and immense profits to harm any firm that insists on pursuing initiatives that could intensify competition against one of Microsoft's core products.' The judge added that some innovations ``that would truly benefit consumers never occur for the sole reason that they do not coincide with Microsoft's self interest.' He said harm to consumers was ``immediate and easily discernible.' Gates said he and other company executives ``respectfully disagree with a number of the court's findings.' The decision to apply the monopoly label is a significant setback for Microsoft, as well as a clear recognition of the expansive influence of the software giant whose Windows products run most of the world's personal computers. (AP) *** Also: Microsoft says will continue fighting antitrust case, see infobeat.com