Word: settlements
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...burdened with technicalities was Microsoft's Friday proposal to settle the government's case against it that a hoped-for weekend settlement was rendered all but impossible. Still, government lawyers, sifting through the complicated details, found several concessions that might allow CEO Steve Ballmer and Joel Klein, the government's chief antitrust officer, to meet and possibly put the matter to rest this week--before U.S. District Judge Thomas Penfield Jackson rules in a case that was tried last year. The key is the company's reported willingness to unbundle its Internet Explorer from Windows, the heart of the suit...
Hang on to your portfolios, folks. The breakdown Saturday of antitrust negotiations between federal officials and Microsoft turned Monday into a rough day for MSFT. The stock has been swinging wildly over the past few weeks, rising on rumors of a settlement, diving when talks appeared stalled. And now those talks are dead. What went wrong? It's hard to tell. Some accounts say that Microsoft balked at the DOJ's demand that it unbundle Internet Explorer from Windows, while other sources insist that Gates & Co. were perfectly willing to do so. And quite a few fingers (especially ones based...
...settlement comes hard on the heels of the Patrick Dorismond case, in which Giuliani irked even some of his most strident supporters by bad-mouthing an unarmed black man who was shot to death by police in a botched buy-and-bust operation. Observers on both sides of the aisle complained that the mayor's handling of the Dorismond incident showed insensitivity and proved that he's incapable of reaching out to those who aren't his traditional supporters. Following the mayor's salvos against Dorismond, which included releasing the dead man's sealed juvenile criminal record, Clinton took...
While the posturing looks familiar, the Smith & Wesson settlement may make it a thing of the past. Rival gunmakers railed at their competitor's apostasy, but so did tobacco companies at the start of their capitulation. Under pressure from cities and the Federal Government, manufacturers may have to offer their own safety measures. If that happens, the capital Kabuki rituals will become more irrelevant than ever...
...break down again, the software company faces the strong possibility they will be found guilty of antitrust violations. And while U.S. District Judge Thomas Penfield Jackson, who will rule on the case if the two sides do not reach an agreement, has not set a firm deadline for a settlement, he is reportedly losing patience with the software giant...