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CNN Live At Daybreak
Microsoft's Court Loss
Aired August 12, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz right now. Microsoft is ordered to pay up.
Carrie Lee live at the Nasdaq site in New York with the numbers.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
A federal jury has ordered Microsoft to pay up because the company, in this jury's opinion, is guilty of patent infringement. Now it ordered the software giant to pay $520 million to a Chicago software company and the University of California. The two claim that Microsoft improperly used patented Internet browser technology in its Explorer software. So the software company is called Eolas, as well as the university. They both hold the patent for this technology, which lets interactive software be incorporated into Web pages, things like plug ins.
Now Microsoft says it's going to appeal the decision. That could take years. Also, this is only the second patent dispute loss for the company. However, Microsoft does face about 20 other patent infringement lawsuits against it. And still, Carol, Microsoft is a company that's sitting on a lot of cash, but half a billion dollars, quite a large chunk of change, even for a software giant like Microsoft.
COSTELLO: Yes, you got that right.
I wondered what you thought the Fed would do today?
LEE: Well, Wall Street widely expects the Fed to leave interest rates unchanged. Of course we'll get the actual decision at 2:15 Eastern today. What people will be paying very close attention to, as is often the case, the accompanying statements. People for -- looking for clues about the strength of our economy. But right now futures look slightly bullish. We could see a little bit of a higher open. But clearly, Carol, people sitting on the sidelines, at least in some instances, waiting for this Fed decision at 2:15.
COSTELLO: OK, we'll talk again in the next half hour of DAYBREAK. Carrie Lee live from the Nasdaq site in New York.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired August 12, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz right now. Microsoft is ordered to pay up.
Carrie Lee live at the Nasdaq site in New York with the numbers.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
A federal jury has ordered Microsoft to pay up because the company, in this jury's opinion, is guilty of patent infringement. Now it ordered the software giant to pay $520 million to a Chicago software company and the University of California. The two claim that Microsoft improperly used patented Internet browser technology in its Explorer software. So the software company is called Eolas, as well as the university. They both hold the patent for this technology, which lets interactive software be incorporated into Web pages, things like plug ins.
Now Microsoft says it's going to appeal the decision. That could take years. Also, this is only the second patent dispute loss for the company. However, Microsoft does face about 20 other patent infringement lawsuits against it. And still, Carol, Microsoft is a company that's sitting on a lot of cash, but half a billion dollars, quite a large chunk of change, even for a software giant like Microsoft.
COSTELLO: Yes, you got that right.
I wondered what you thought the Fed would do today?
LEE: Well, Wall Street widely expects the Fed to leave interest rates unchanged. Of course we'll get the actual decision at 2:15 Eastern today. What people will be paying very close attention to, as is often the case, the accompanying statements. People for -- looking for clues about the strength of our economy. But right now futures look slightly bullish. We could see a little bit of a higher open. But clearly, Carol, people sitting on the sidelines, at least in some instances, waiting for this Fed decision at 2:15.
COSTELLO: OK, we'll talk again in the next half hour of DAYBREAK. Carrie Lee live from the Nasdaq site in New York.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
