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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (29789)	11/22/1999 12:07:00 PM
From: IQBAL LATIF	Respond to of 50167

Vultures looking for the flesh.. Microsoft faces class-action lawsuit on 'monopoly' SEATTLE (AP) - Lawyers plan to file a class-action lawsuit against Microsoft Corp (NasdaqNM:MSFT - news). for using its monopoly in operating systems software to overcharge buyers of its popular Windows software, The New York Times reported Monday. The lawsuit to be filed Monday is the first of what could be a flood of private litigation stemming from the Justice Department's antitrust action against the Redmond, Wash.-based software giant. "This is the start of the race to get to the courthouse," Stephen Axinn, an antitrust lawyer with Axinn, Veltrop & Harkrider, told the Times. "It could be like the tobacco litigation, in the sense that you have lots of plaintiffs lawyers in different states sharing information." Earlier this month, U.S. District Judge Thomas Penfield Jackson concluded Microsoft is a monopoly whose anticompetitive practices have stifled innovation and harmed consumers. That finding, legal experts say, greatly increased the company's vulnerability to private suits. Microsoft has downplayed its risk from private antitrust lawsuits. "That litigation is something we're prepared to defend and defend aggressively, if necessary," Microsoft lawyer Tom Burt told the newspaper. The class action lawsuit - to be filed in California Superior Court in San Francisco - does not estimate the financial damage to Windows users in California. Nor does it specify the number of members in the class of both individual and corporate users of Windows software. Terry Gross, one of three lawyers behind the class action, said that the number in California was "at least 10 million." He told the Times that the lawsuit covers Windows users since the introduction of Windows 95.

To: IQBAL LATIF who wrote (29789)	11/22/1999 12:08:00 PM
From: Condor	Respond to of 50167

<gg> I suspected you'd say something like that. Thanks for the great insight as usual Ike. Regards C

To: IQBAL LATIF who wrote (29789)	11/22/1999 12:24:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

The oily word: not to worry.. the bond and oil connection, it needs to be readjusted,, is bond market over concerned a point of view.. NEW YORK (CBS.MW) -- The jump in crude oil prices to their highest levels since the Persian Gulf War may look ominous, but it won't impact the U.S. economy as much as the bond markets fear. Since the first run up in oil prices more than a quarter of a century ago, the U.S. has become a more efficient user of oil -- not to say energy in general. Now if we could get the Labor Department to recognize this as well, and reduce the weight that oil has in its price indexes, the higher price of crude oil wouldn't affect its measurement of producer and consumer prices as much as it now does.