Microsoft Enjoys Monopoly Power...

In uncommonly harsh language, the court hands Gates a devastating defeat. Is Microsoft mortally wounded?

It was 4:30 p.m. Friday when an Antitrust Division lawyer called from the courthouse, a hot-off-the-presses copy of the Microsoft decision in his hands. "What does it say?" asked an eager Joel Klein, head of the division, who was waiting in his conference room with the government's trial team. "I'm on page 16," replied the lawyer who was speed-reading his way through, "and it says they're a monopolist!" "Great!" said Klein. "Keep reading!"

If you're scoring at home, you can write Microsoft Corp. next to Standard Oil and AT&T on your list of the 20th century's great monopolies. When the Justice...

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