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Microsoft Antitrust Decision Causes Nasdaq's Largest Point Drop Ever.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, April, 2000 by Glanz, William
Apr. 4--A federal judge ruled yesterday that Microsoft Corp. violated federal antitrust law and hurt consumers, a widely anticipated decision that helped drag the Nasdaq Stock Exchange down 349.13 points, its largest point drop ever.
U.S. District Court Judge Thomas Penfield Jackson found Microsoft:
-- Used its position to "monopolize the Web browser market" to the detriment of competitors.
-- Violated another section of the Sherman Antitrust Act by "unlawfully tying its Web browser to its operating system."
-- Could be sued under state anti-competition laws.
U.S. Assistant Attorney General Joel I. Klein said the decision against the company Bill Gates built into the world's largest software manufacturer will help consumers....
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