Paying a Price for Success

By Lambro, Donald | The Washington Times (Washington, DC), April 10, 2000 | Go to article overview

Paying a Price for Success


Lambro, Donald, The Washington Times (Washington, DC)


Last week was a time of unbelievable paradoxes in the American economy.

The Justice Department won the first round in its bitter lawsuit against Microsoft, convincing a judge that the most successful technology venture in history has been too successful, and should be regulated by the people who defended the Post Office monopoly and swept the Clinton campaign-finance scandal under the rug.

Meanwhile, the U.S. economy's technology sector was in a nose dive on Wall Street in the midst of an era of record-breaking economic growth and one high-tech breakthrough after another. IBM, for example, announced last week it had developed a technique for making computer chips that are one-third faster than existing chips, as America continued to race ahead of every competitor on the planet.

Last week's Nasdaq collapse came at a time when the Internet is exploding as a major force across the global economy, spawning a whole new generation of e-commerce enterprises from here to China.

But most level-headed analysts on Wall Street saw the sharp decline in the Nasdaq as a long-overdue correction in a sector that is filled with too many wildly overpriced Internet stocks that have no profits, few assets, and whose volatility was distorting the rest of the market.

This is a healthy correction, in which tech money is flowing into larger and more stable technology companies such as IBM, Texas Instruments, Motorola and Intel, while the ruthlessly efficient free market downsizes a fat and overloaded Internet sector in preparation for its next upward climb.

"The high rate of new-company formation has led to an environment in which consolidation is a natural outcome, and that already is underway," said Tim Koogel, chief executive of the premier search and directory site Yahoo!, which reported net income of nearly $79 million for the past three months.

But what of the bizarre goings-on in Judge Thomas Penfield Jackson's U.S. District courtroom? The case was pushed by Bill Gate's enemies, Sun Microsystems, Oracle, Netscape and other embittered high-tech executives who were jealous of Microsoft's success. They whined and complained that their products were being pushed out of the marketplace by Microsoft, and got a bunch of liberal litigators in Bill Clinton's Justice Department to pursue a case that the Federal Trade Commission had decided was without merit.

These executives decided that, with a little help from their cronies in the White House (which they helped elect with their money), they could achieve in the courtroom what they could not achieve in the marketplace.

Judge Penfield's ruling is without merit. He claims Microsoft has stifled software competition in the marketplace and harmed consumers. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Paying a Price for Success
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.