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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: JC Jaros who wrote (31453)	4/30/2000 11:48:00 PM
From: Dale J.	Read Replies (2) \| Respond to of 64865

Dear Mr. President, I want to talk to you about the DoJ's behavior towards Microsoft. The DoJ contends that Microsoft is stifling competition, and that Microsoft is impeding progress in the computer industry. We are told by the DOJ that if it broken in two, then competition and the computer industry would once again flourish and that the consumer would benefit. Well Mr. President, I am doubtful of the DOJ's newfound foresight into the computer industry. Where was the DOJ when President Carter was searching for answers in 1979? In 1979 Jimmy Carter gave a speech, known as the "malaise speech" in which he aptly described the malaise that began to permeate our country. President Carter called it a "crisis of confidence." He said, "It is a crisis that strikes at the very heart and soul and spirit of our national will. ..The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America. . . . " "The symptoms of this crisis of the American spirit are all around us. For the first time in the history of our country a majority of our people believe that the next five years will be worse than the past five years. Two-thirds of our people do not even vote. The productivity of American workers is actually dropping," There was good reason for Americans to feel this malaise and "crisis of confidence". Our textile industries were in decline, our electronics industry was losing market share to the Japanese and Korean companies. Sony, Panasonic, Sanyo etc. dominated the consumer electronic market. Chrysler was almost bankrupt, inflation and interest rates were hitting new highs. In 1980, Microsoft and Intel were small companies and Cisco, Dell and Sun did not even exist. But today these companies are giants and they spawned thousands of smaller companies that support, sell and use their technology. The tech companies played a significant role in our economic recovery. Allen Greenspan attributed our prosperity to increased productivity and efficiency brought about by the high tech companies. Even the two biggest computer companies in Japan, NEC and Fijitsu announced they would abandon their own proprietary computer technology and instead sell computers based on Microsoft and Intel's technology. The computer industry is in superb condition. It is intensely competitive and progressing at an incredible rate. There is no "crisis of confidence" from America in the computer industry. And now the DOJ comes blasting in with guns a blazing, trashing Microsoft and threatening to tear it apart. The DOJ boldly proclaims they have the answers. Well, thanks, but no thanks. The computer industry can get along just fine without the radical remedies. If the DOJ is looking for something to do, I suggest they take a look at the IRS. Now there is a monstrosity that should be shut down.