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Detailed text transcripts for TV channel - CNN - 20181230:06:26:00

Americans may be buying billions of dollars in goods and services through the internet. and that s a market too important, the government says, for one company to act as gatekeeper. the u.s. justice department asked a federal court today to fine microsoft corporation a record $1 million a day. the complaint against microsoft came from executives at netscape, a fast growing software company that struck gold with its web browser, but microsoft began giving away its own browser and required computer manufacturers to offer it with windows. what they re able to do is they re able to, illegally, we believe, use that monopoly power to block the competition. they re able to pay people to not use our software and do other things that monopolists are not legally allowed to do. a lot of people were saying the antitrust laws are outmoded. technology will enforce competition on its own. the counterargument is that when you begin to get lots of people to use your operating system, it becomes ....

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Detailed text transcripts for TV channel - CNN - 20181230:06:37:00

Deal of some kind we can do with netscape, gates wrote. we can even pay them money as part of the deal buying some piece of them or something. when i covered the trial, one of the things the judge said to me is he didn t believe bill gates. and that deposition was very instrumental in shaping the judge s decision. i ve never seen a stamp like that. i ve never used a stamp like that. haven t you seen stamps like that on every one of the documents you ve been shown during this deposition? can you get me all the exhibits? just a waste of time. it is a waste of time. technology is hard to understand. their pitch to the judge was trust us. we re doing what we re doing for the consumer. the deposition made him and the company look like they were not trustworthy. because this deposition and the snippets of it that played out day after day on national television, it was an incredibly ....

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Detailed text transcripts for TV channel - CNN - 20181230:06:06:00

It was a tool of the pentagon. but nowadays just about anyone with a computer and a modem can join in. the internet was a really dorky, hard to use and extremely nerdy thing. none of your friends would have been on this. just fellow people in tech. the internet really was not a huge factor in the early 90s. but netscape changed things. they re calling him the next bill gates. 24-year-old marc andreessen. 15 months ago, andreesen, fresh out of the university of illinois, helped start a company called netscape. at 11:00 a.m. this morning, the company s stock went public and wall street went bonkers. so what does netscape produce that now makes the company worth $2.9 billion? this. the netscape navigator, software which makes it easy for people to connect to the global computer network called the internet. microsoft has a long history of feeling threatened by hot new upstarts. you could easily argue that bill ....

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Detailed text transcripts for TV channel - CNN - 20181230:06:07:00

Gates game plan was world domination. these guys can be taken. but the only way we re going to take them is by studying them. know what they know. do what they do. watch them, watch them, watch them. take every one of their good ideas and make it one of our good ideas. microsoft came down and essentially said to netscape, hey, you know, we can be friends or we can be enemies and if we re going to be friends, that s great. you ll get all the advantages of working with microsoft in a million ways and you ll be on the home screen of a lot of computers. or we can compete. and if we compete, we ll do basically whatever is required to kill you. some people believe you have an infinite appetite for power that you re the embodiment of a button in the 1980s that says, i want it all. and you want to eat up your competitors. is that unfair? it doesn t ring any bells with me. ....

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Detailed text transcripts for TV channel - CNN - 20181230:06:16:00

Profitable. with the success of netscape and the growth of these digital upstarts, yahoo! there was this energy that was not all in seattle. it s not really silicon valley versus what s going on in redmond, washington. it s more mankind versus microsoft. silicon valley is just one outpost against the evil empire to the north. this is silicon valley, the heart and soul of the nation s computer business. here microsoft is respected and feared as a powerful giant whose every footstep sends shivers through the entire industry. there s this emerging war basically between the silicon valley culture built up around the web and the microsoft culture up in redmond. it s not just a cultural clash but an economic clash, technological clash, a clash for power. bill gates had to turn microsoft like a supertanker around to have it address the internet. the way they did that was by coming up with internet explorer ....

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