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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (50451)	8/30/2000 9:58:30 AM
From: Original Mad Dog	Read Replies (2) \| Respond to of 63513

Speaking of war, here's one of the reasons I believe MSFT will have difficulty gaining any traction in the next year. At least some of their financial strength constitutes ill-gotten gains and will have to be paid as penance to the lawyers <g>: dailynews.yahoo.com Wednesday August 30 1:32 AM ET Calif. Judge OKs Class-Action Suit vs. Microsoft SAN FRANCISCO (Reuters) - A California judge allowed a class action suit to proceed against Microsoft Corp. (NasdaqNM:MSFT - news), the first such case to go to trial over charges that the software giant harmed consumers through its alleged monopolistic practices. ``Given California law, this ruling was not unexpected,'' Microsoft spokesman Jim Cullinan told Reuters after Superior Court Judge Stuart Pollack approved the suit. ``This is just the first step in a very long process.'' The suit, one of a number of such cases in various state and federal courts around the country, alleges that Microsoft used its dominant market position to overcharge California consumers for a number of products, including Windows and Word programs. Microsoft has recently asked another federal judge to dismiss or consolidate the class actions suits against it, many of which were filed after U.S. District Court Judge Thomas Penfield Jackson found that Microsoft violated federal anti-trust laws and ordered the company split into two. Microsoft has appealed that ruling. Cullinan said Microsoft was confident that the California case would ultimately demonstrate that, through its size and the scope of its offerings, it has served its customers well. ''We believe that in the end of the day it will be shown that far from harming consumers, the conduct at issue will be shown to benefit consumers,'' he said Tuesday.