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

To: mozek who wrote (45784)	6/1/2000 2:10:00 PM
From: Harvey Allen	Respond to of 74651

Microsoft Judge Asks for More Briefs, Delays Ruling (Update1) By James Rowley Washington, June 1 (Bloomberg) -- The judge in Microsoft Corp.'s antitrust trial ordered another round of legal briefs on the government's proposal to split the software giant, delaying a decision in the case for at least a week. U.S. District Judge Thomas Penfield Jackson is expected to order a breakup of Microsoft into a company that makes the Windows operating system and another that makes software application programs like Microsoft Office. During a meeting in his chambers with lawyers for both sides, Jackson gave government lawyers until noon Monday to reply to the company's latest comments on the proposed breakup, said Joseph Alexander, a court spokesman. Microsoft then would have until noon Wednesday to respond once again. Microsoft shares rose 3 to 65 9/16 in afternoon trading on the Nasdaq Stock Market after Goldman, Sachs & Co. analyst Rick Sherlund said the stock ``might be able to recover some lost ground'' after Jackson rules. The judge, who had strongly signaled in a hearing last week that he was prepared to sign a decree to break the company in two, today sought additional comments from the U.S. Justice Department and 17 states to Microsoft's critique of the government plan. Company lawyers said yesterday the government's proposed decree ``is defective in numerous respects, making the document vague and ambiguous.'' They suggested a number of technical and substantive changes in a 34-page brief. quote.bloomberg.com