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


To: Sonny McWilliams who wrote (32321)11/6/1999 5:38:00 PM
From: John F. Dowd  Read Replies (3) | Respond to of 74651
 
Sonny: Glad to see that some of the boys in DC are not totally oblivious to what is going on in this sham. Thought I'd cut and paste the following pro MSFT comments.

By the way I like Hatch's comment where he asserts that they have preempted MSFT's "likely" illegal tactics in the future that would ahve stifled the internet. What is he talking about? Is NSCP to be allowed sole custody of the browser market?

But Sen. Slade Gorton, a Republican from Microsoft's home state of Washington, said the judge's ruling was only one step in an ongoing, lengthy and complex legal case and said the government should never have filed the case.

``Should the government take a major step toward destroying America's greatest success story and regulating the high-tech industry, our global leadership in the area of high tech will be put at risk,' Gorton said. ``That is a chilling thought for entrepreneurs and small businessmen and women all across the country.'

Rep. Jennifer Dunn, also a Republican from Washington, said she was confident the law was on Microsoft's side despite the judge's ruling.

``In the past, Judge Jackson has ruled against Microsoft twice, and twice his rulings have been overturned on appeal,' Dunn said in a statement. ``I am fearful of government efforts to overregulate this dynamic and competitive industry, and what that portends for the future.'

Sen. Pete Domenici, a New Mexico Republican who heads the Senate Budget Committee, questioned whether Congress should review U.S. antitrust laws which he said were enacted "at a time of slow-moving trains, not high-speed computers.

He said he saw no evidence that Microsoft used its market power to thwart technological progress and harm consumers.

``The government has been unable to make any showing of consumer harm in this case, which makes me wonder why it was brought to begin with,' Domenici said. ``And we all know that the hallmark of the high technology industry is change, advancement and innovation, not restraint or lack of progress.'

JFD