Breaking News: IBM being Probed By Justice Department regarding being a Monopoly

sub0 · Oct 8, 2009

Kind of reminds me of what happened to Microsoft.

link:
http://finance.yahoo.com/news/Justi...tml?x=0&sec=topStories&pos=main&asset=&ccode=

WASHINGTON (AP) -- The Justice Department is looking into allegations that IBM has abused its monopoly in the mainframe computer business to keep competitors out of the market.

The Justice Department would not comment on a potential antitrust investigation.

But the Computer and Communications Industry Association, an industry trade group that brought the issue to the agency's attention, said the government is examining whether IBM has exploited its monopoly in mainframe operating systems to lock customers into using its mainframe computers.

International Business Machines Corp. confirmed that the Justice Department has asked it for documents related to a lawsuit brought by T3 Technologies Inc., a rival that makes mainframe-compatible computers.
More...

sub0 · Oct 8, 2009

Another article on it:

Justice Department opens IBM antitrust probe
http://biz.yahoo.com/rb/091007/business_us_ibm_antitrust.html?.v=3

Appears to all be coming out late at night tonight. Should be interesting to see how IBM trades tomorrow.

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Breaking News: IBM being Probed By Justice Department regarding being a Monopoly

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