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ZDNet: Berst Alert: Biggest Business Blunder Ever? Why MS Shareholders Should Hate Bill Gates

Apr 04, 2000, 01:31 (10 Talkback[s])
(Other stories by Jesse Berst)

"...if you're a Microsoft investor, you're getting screwed by the tech industry's poster child for wrongheaded arrogance. A man who couldn't admit he was wrong."

"Because Gates refused to quietly settle three years ago, and refused again this week, he set his company up for Judge Jackson's blistering rebuke. Though an appeals process could take years, there's a more immediate and damaging outcome you should know about."

"Because there is now a finding of fact and a ruling, the floodgates are open wider than ever. Consider:

  • 100-115 class-action lawsuits have been filed against Microsoft since Judge Jackson issued his findings of fact in November
  • The company is still under investigation for alleged antitrust violations in Europe
  • Yesterday's decision will spur even more filings
  • Lawyers will cite Judge Jackson's ruling as precedent -- at least until/unless a higher court overturns it"
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