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


To: Russ who wrote (45846)6/2/2000 3:43:00 PM
From: Ex-INTCfan  Read Replies (2) | Respond to of 74651
 
This Canada story is bizarre, but I'd love to see it -- Gates and Ballmer thumbing their noses at the DOJ while they cross the border. Ha!

INTCfan



To: Russ who wrote (45846)6/2/2000 4:40:00 PM
From: Paul Corbett  Read Replies (1) | Respond to of 74651
 
MSFT is going to Canada:Canada officials try to lure Microsoft north - BBC
NEW YORK, June 2 (Reuters) - Canadian officials have approached embattled software goliath Microsoft Corp. (NASDAQ: MSFT) about possibly moving its operations to Canada, according to a British Broadcasting Corp. (BBC) online report.

Authorities in British Columbia have offered to do a deal with Redmond, Wash.-based Microsoft, which faces the possibility of being broken into two or more separate companies as a result of the U.S. government's antitrust case against it, the BBC reported.

Officials have offered the company favorable treatment, which may include a loan to build a new headquarters if the company agrees to move its operations north to the other side of the border, the BBC reported.

In a statement released to the BBC, the man in charge of attracting investment to British Columbia, Gordon Wilson, said Microsoft would be what he called "a welcome asset."

The BBC reported that the company denied that it has been in secret discussions with Canadian authorities about a relocation, saying it is focusing on fighting any plans for a break-up through the courts.

Microsoft shares were up 1-3/8 at 65-15/16 in early trading on Nasdaq.