October 27, 1999 |
In a move that acknowledges the soaring importance of technology in the U.S. economy and the stock market, Microsoft Inc. and Intel Corp. are being added to the Dow Jones industrial average. Also joining the world's best known stock index, effective Monday, will be phone giant SBC Communications and retailer Home Depot. The newcomers will replace three "smokestack" stocks--Chevron, Goodyear Tire & Rubber and Union Carbide--plus old-line retailer Sears, Roebuck & Co. in the 30-stock index.
CALIFORNIA | LOCAL
June 5, 1999 |
Federal and state authorities seized several Los Angeles County homes valued at more than $4 million and arrested eight people this week on suspicion of money laundering and running the nation's largest Microsoft counterfeiting scheme. Atul Sowmitra Dhurandhur, 51, and his wife, Mamta, 44, both of Palos Verdes, are accused of running a $56-million piracy ring that authorities say may have shipped at least 15,000 fake software disks a month worldwide since 1996.
July 24, 1998 |
A onetime Microsoft Corp. executive told a Senate panel Thursday that his former employer is trying to "create obstacles to the freedom and openness of the Internet" by "breaking" rival software products. Appearing before the Senate Judiciary Committee, Rob Glaser, chief executive of RealNetworks Inc.
August 20, 1997 |
Broadening its scrutiny of Microsoft Corp., the Justice Department said Tuesday that it is reviewing the software giant's proposed $150-million investment in Apple Computer Inc. and its stake in three smaller companies. The government wants to find out if some of Microsoft's latest deals may be stifling competition in the high-tech business, violating an earlier agreement.
October 11, 1994 |
IBM Corp. today hopes to sneak through a window of opportunity created by the folks who wrote the book on Windows--Microsoft Corp. At a media event in New York, IBM will unveil a bells-and-whistles version of its 7-year-old operating system for personal computers, OS/2, which until now has been a costly and embarrassing failure. The Armonk, N.Y., computer giant will pump $50 million into a high-profile advertising campaign to promote the product, due in stores late this month.
March 18, 1992 |
Microsoft Starts to Roll Out New Version of Windows: The company based in Redmond, Wash., will start shipping its long-awaited new version of Windows, the popular software that makes IBM-type personal computers easier to use. Microsoft will ship at least 1 million copies of Windows version 3.1 to U.S. stores and directly to customer homes by April 6, when the product will go on sale, Chairman Bill Gates said. "We have orders for very close to a million right now.