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Score one for Microsoft
This is an unfortunate development.
http://cnnfn.com/digitaljam/9812/07/microsoft/
NEW YORK (CNNfn) - South Carolina's attorney
general Monday said the state has withdrawn from
the federal antitrust suit against Microsoft Corp.
State attorney general Charlie Condon said the
recent merger of America Online Inc. (AOL) and
Netscape Communications Corp. (NSCP) offered
evidence that competition is thriving in the computer
industry.
"I can no longer justify our continued
involvement or the expenditure of state resources on
a trial that has been made moot by the actions of the
competitive marketplace," Condon said in a
statement. "The Internet economy is the place
where the winners and the losers of this competition
will rightfully be decided."
In May, the Justice Department and 20 states
sued Microsoft for illegally maintaining a monopoly
in the computer operating systems market and trying
to extend that monopoly into Internet software.
Microsoft (MSFT) shares were up 2 at 129-3/8
in midday trading.