California Microsoft Settlement

Lord Prox writes "From news.com.com: A California judge on Friday gave preliminary approval to a landmark settlement under which Microsoft will pay $1.1 billion to settle a class-action suit that claimed it overcharged consumers for Windows. More Townsend and Townsend and Crew is info from the law firm here. Also note... you get vouchers in settlement good for buying computer related items, not just Microsoft products and/or can be traded and converted to cash!"

Comments

Convenient

[sirmikester]

Cnet says : Two-thirds of the unclaimed money will go to California public schools in a mix of donated Microsoft software and cash grants."

Microsoft should make it a habit of getting sued by states so that it can spread its software into the schools more effectively. I'm sure that the cash is also tax deductible. You go Bill!

Judge declares M$ dividend!

[mnmlst]

Is this some kind of attempt to get M$ moving on the rumoured increases in its' dividend rate? Were the California shareholders just excessively impatient?

Of course, after living in California a few years now, I can assure you that you had better be a Microsoft-sized company if you expect to survive here. The place is insanely litigous, the State Senate and State Assembly routinely pass absurd legislation that inflicts high costs on companies gullible enough to do business here, and the cost of living is driving this place into a two-tiered society; the wealthy and those who serve them.

Consider this just one more warning to other businesses tempted by this fabled "market of 34 million consumers". Chalk up this settlement next to hundreds of others, the recent tripling of workman's compensation insurance premiums (which is driving out hundreds of small companies and manufacturers), and the recent brilliance of our state government regarding taxes. The state's income tax system is very "progressive" meaning that high earners are heavily taxed and lesser earners are not taxed at all. Our brilliant legislature recently opted only to increase the income tax rates on the high earners. This is the very approach that got us in such a budget mess in the first place. The low earners vote for dozens of unaccountable spending programs that are paid for by the high earners. When the high earners get clobbered (read NASDAQ collapses onto Silicon Valley), the state government goes begging to support all those programs. Eventually, the state will be entirely populated by a wealthy few, some inland farmers, and those who serve the wealthy and depend on government programs to cope with the uniformly high cost of living. At least the ailing public schools will have a few copies of Windows 98 "donated" by Microsith. Be sure to check out microsith.com!

Hey Californians, last one out, turn off the lights!