17:31 ET GOVERNMENT NIXES MOST MICROSOFT BREAKUP REVISIONS
Jun 05, 2000 (Tech Web - CMP via COMTEX) -- The Justice Department on Monday
rejected most of the revisions Microsoft seeks in the government's breakup
proposal because they would create "loopholes" for the software giant to
continue anti-competitive practices.
However, the government accepted some minor changes in the wording of the
proposed antitrust remedy. Microsoft (stock: MSFT) has until Wednesday to file
its response to the government's comments. U.S. District Judge Thomas Penfield
Jackson could rule on Microsoft's fate at anytime after that.
The Justice Department and 17 states want to break up Microsoft into an
operating system company and applications company, and impose conduct
restrictions to encourage competition. Microsoft has called the breakup plan
"extreme and unjustified."
On Friday, Jackson extended the final comment period after government attorneys
said some Microsoft revisions had some merit. Microsoft sought major changes in
the timing of the government's breakup proposal in what was supposed to be the
final word in the 78-day trial and battle of briefs.
The department refused Microsoft's 12-month timeframe over the government's
proposed four-month timetable to outline its own breakup, but accepted
Microsoft's term "divestiture" instead of "reorganization" to more accurately
define the remedy.
The rest was brushed aside.
"Microsoft's other proposals consist largely of changes that would create
loopholes and permit Microsoft to continue to engage in anti-competitive
practices like those found by the court or otherwise to frustrate or undermine
the purposes of the final judgment," the department said in its brief.
"Many of Microsoft's comments go beyond merely addressing the proposed form ...
and make arguments about the merits that Microsoft has previously raised and
that plaintiffs have addressed in their prior filings," the brief said.
Despite the extended legal maneuverings, Jackson wants the remedy process to be
speedy and the government wants to keep the momentum going for an anticipated
breakup, said William Kovacic, George Washington University law professor.
"By describing repeatedly how the breakup will happen, it almost gives some
credibility to the idea," he said.
Microsoft was up 1 1/2 to 67 7/16 in afternoon trading.
Copyright (C) 2000 CMP Media Inc.
17:31 ET AMD INTRODUCES NEW PROCESSOR
New York, Jun 05, 2000 (123Jump via COMTEX) -- Advanced Micro Devices
(NYSE:AMD) announced today the launching of their latest processor, the AMD
Athlon processor with built-in cache memory, the fastest chip the company has
produced to date.
17:31 ET TAIWAN PC MAKERS SIZE UP NEW INTEL CHIPSET
Jun 05, 2000 (Tech Web - CMP via COMTEX) -- TAIPEI, Taiwan -- Intel unveiled an
update to its 820 chipset Monday, promising improved performance and flexibility
for the desktop market segment.
17:31 ET CORIO TECHNOLOGY HELPS HANDLE PEOPLESOFT APPS
Jun 05, 2000 (Tech Web - CMP via COMTEX) -- Small and midsize companies
struggling to handle PeopleSoft's robust applications, take heart.
Corio, San Carlos, Calif., is testing a technology it developed to simplify the
17:31 ET SEGA, MOTOROLA TO DEVELOP INTERNET CELL PHONES
Tokyo, Jun 05, 2000 (EFE via COMTEX) -- Japan's Sega Enterprises Ltd. said
Monday that it would develop Internet-capable cellular phones jointly with
U.S.-based cellular phone giant Motorola Inc., Sega representatives told EFE.
07:31 ET IBM TARGETS SMALL BIZ WITH LOW-COST THINKPADS
Jun 04, 2000 (Tech Web - CMP via COMTEX) -- IBM will introduce "the most
affordable ThinkPads ever" Monday, fleshing out its popular notebook line with
two models that target students, entrepreneurs, and small companies, an official
07:31 ET DRAM CHIPS SHORTAGE TO WORSEN IN Q3: DAEWOO SECURITIES
SEOUL, Jun 05, 2000 (AsiaPulse via COMTEX) -- With personal computer
manufacturers' high season arriving in the third quarter, shortages in DRAM
chips are expected to get worse, to push 64 megabyte DRAM chip prices above
07:31 ET TYCO, CISCO SYSTEMS ACHIEVE RECORD UNDERSEA IP TRANSMISSION
Jun 04, 2000 (AsiaPulse via COMTEX) -- (Full text of a statement. Contact
MORRISTOWN, N.J., June 2 PRNewswire-AsiaNet - Tyco Submarine Systems Ltd.
07:31 ET SATELLITE CRASHES INTO PACIFIC OCEAN
WASHINGTON, June 4 (UPI) -- After nine productive years in orbit, a $670 million
NASA satellite mission came to a fiery end early Sunday morning. The 33,000
pound (15,000 kilogram) Compton Gamma Ray Observatory (CGRO) fired its rocket
engines one last time for 30 minutes at 1:22 a.m. EDT (0522 GMT) as it passed
07:31 ET ANOTHER STRONG DAY FOR THE TECH SECTOR
New York, Jun 02, 2000 (123Jump via COMTEX) -- It has been another strong day
for the technology sector as Internet and chip stocks went on a tear. As a
result, the tech heavy NASDAQ is up 201.50, or 5.6 %, to 3 784, adding to
yesterday's 5.3 % move. Leaders include Sun Microsystems (SUNW) rising 5 1/16,