Per Intuit display will be to found step one

35 Prior to rumors of the acquisition, Intuit’s stock traded at 40 3/4. John Eckhouse, Monster Microsoft Buys Intuit having $1.5 Mil, San Francisco Chronicle, Oct. 14, 1994, at A1, A19. 336 Microsoft shares at the closing. Id. Based on Microsoft’s January 3, 1995 closing price of 60 3/16, each Intuit share receives over $80.

36 Select Brian Livingston, Undocumented Window Phone calls, InfoWorld, Nov. 16, 199″2, at 98 (Ex. 19); Doug Barney and Ilan Greenberg, ISVs Moisten Microsoft Furor to possess OLE, InfoWorld, July 18, 1994, at 1.

38 Microsoft makes multiple presentations around the country one particularly get this to area and you will written documentation from the presentations has been provided to the fresh new Fairness Department.

39 For a more thorough discussion, see Miles B. Keyhoe, , HP Professional, Aug. 1994, at 40 (Ex. 17). Look for and Microsoft Corporation, House windows NT and you will Client-Servers Measuring, May 1993.

42 “Installed base” in the economic literature “means the number of owners of a good who may be dependent on the manufacturer of the good for the provision of complementary goods.” Joseph Katten, Business Strength throughout the Visibility regarding an installed Foot, 62 Antitrust L.J. 1, 4 (1993).

43 Joseph Farrell and Garth Saloner, Hung Legs and you will Being compatible: Invention, Product Pre-Announcements, and you will Predation, Amer. Econ. Rev., Dec. 1986, at 940; Janusz A. Ordover and Garth Saloner, Predation, Monopolization, and you can Antitrust, in Handbook regarding Commercial Organization 537, 565 (R. C. Schmalensee and R. Willis eds., 1989).

46 Get a hold of, age.g., Paul A. David, Clio plus the Economics away from QWERTY, Amer. Econ. Rev uniformdating profile search., May 1985, at 332; David A. Harvey, Change required – Now!, Byte, Oct. 1, 1991, at 119.

48 Joer. Econ. Rev., Dec. 1986, supra, at 942; Jean Tirole, The idea regarding Industrial Team at 405, n.40 (1988)

Ergonomic Items Took a seat so you’re able to Efficiency, Causing an expanding Tide off Computer-Associated Injuries

51 For the theoretical literature see, for example, the recent Symposium for the Community Externalities in the Journal of Economic Perspectives, Spring 1994, the Symposium towards Compatibility, edited by Richard Gilbert in the Journal of Industrial Economics, March 1992, and the survey by Paul David and Shane Greenstein in the Economics of Innovation and New Technology, 1990. For an application to telecommunications, see Stanley Besen and Garth Saloner, The brand new Business economics off Telecommunications Requirements, for the Altering the rules: Scientific Transform, Globally Battle, and you can Controls in-Correspondence 177 (1989); for applications to broadcasting, see Stanley Besen and Leland Johnson, Compatibility Standards, Competition, and you may Development in the Sending out Globe (1986); for applications to ATMs, see Garth Saloner and Andrea Shepard, forthcoming in the Rand Journal of Economics, and Steven Salop, Deregulating Mind-Controlled Mutual Automatic teller machine Companies, Econ. of Innov. and New Tech., 1990; and for computers, see Garth Saloner, Econ. Innov. New Tech., 1990, supra.

This new Wind gusts off Transform

52 This “network effect” has been described by numerous authors. In a recent Symposium in the Journal of Economic Perspectives, Michael Katz and Carl Shapiro write, “Consequently, as has long been recognized, the demand for a network good is a function of both its price, and the expected size of the network.” See also Jeffrey Rohlfs, A theory out of Interdependent Demand for a contact Provider, Bell J. of Econ., Spring 1974, for an early reference, as well as Michael Katz and Carl Shapiro, System Externalities, Battle, and you can Compatibility, Amer. Econ. Rev., er. Econ. Rev., Dec. 1986, supra: and other papers cited in Michael If, am and Carl Shapiro, Systems Competition and Community Outcomes, J. of Econ. Perspectives, Spring 1994.

53 See Julio J. Rotemberg and Garth Saloner, Interfirm Battle and you may Venture, Strategic Options, 1991, for an example of the power of network size.