A top official quits AT&T to become Legent chief

Article Abstract:

Jerre L. Stead, president of AT and T's Global Information Solutions subsidiary, announced that he was resigning to take the CEO position at software developer Legent Corp. The move came as a shock to AT and T's top executives and industry analysts because Stead was considered a star at the company. He was put in charge of the troubled Global Information Solutions subsidiary in May 1993. The $7 billion unit is AT and T's poorest performer, due to declining sales for proprietary mainframe systems. Stead had some success in turning the unit around by trimming jobs and focusing the company on open systems. The subsidiary broke even in 1994, a good showing from its $172 million loss in 1993. AT and T executives contend that the unit will continue to implement plans developed by Stead, therefore the unit's turnaround would be unaffected by his departure. Analysts understood Stead's desire to become CEO of an entire company, even though he was taking a pay cut.

Electronic computers, Computers, Electronic Computer Manufacturing, Officials and employees, Computer industry, Appointments, resignations and dismissals, Employee selection, Executive, Hiring, Resignation, Stead, Jerre L., Legent Corp., AT&T Global Information Solutions

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Court hearing for Microsoft set for today; issue is whether judge went too far in case

Article Abstract:

Microsoft is returning to federal court in order to rebut criticism that the software company engages in anti-competitive practices to retain its dominance in the industry. The company will be arguing on the same side as the Justice Department, which investigated Microsoft and made a consent decree with the company that the judge rejected for being too lenient. The issue is based on the 1974 Tunney Act, which is aimed at preventing deals between companies and federal agencies in order to allow anti-competitive practices. Microsoft and the Justice Department will be arguing that federal judge Stanley Sporkin overstepped the boundaries of his authority in rejecting the consent decree, which required Microsoft to stop using the dominance of its MS-DOS operating system to control the software market and squelch competition.

Litigation, Lawsuit/litigation

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U.S. appeals ruling by judge on Microsoft

Article Abstract:

The US Justice Dept is filing an appeal against Federal District Court Judge Stanley Sporkin's decision to overturn an antitrust settlement concluded with Microsoft. The Justice Dept action took place on Feb 16, 1995 and will be joined by Microsoft. US Attorney General Janet Reno strongly supports her agency's response to fierce judicial criticism about how the Microsoft case has been handled and maintains that the software firm has been adequately investigated. While Sporkin claims that the Justice Dept has ignored a number of pressing issues concerning Microsoft's competitive stance and dominance of the software market, legal analysts say that the judge may have overstepped the provisions of the Tunney Act, which specifies the role of the judiciary in reviewing antitrust agreements.

Legal Counsel and Prosecution, Antitrust Division, Antitrust law, United States. Department of Justice. Antitrust Division, Antitrust Issue

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