CBS Evening News - 2001-06-28
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Read a transcript preview of “CBS Evening News - 2001-06-28” from malgent, uploaded on 2024-08-10.
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Language: English (original, YouTube automatic captions)
[0:03] A big day in courts worldwide. At home,
[0:07] a federal appeals court affirms
[0:09] Microsoft broke antitrust laws, but does
[0:13] not affirm the penalty. Overseas,
[0:16] Milosevic will face justice. The former
[0:19] dictator is shipped out for a war crimes
[0:22] trial.
[0:23] A one-time Republican presidential
[0:25] contender says even he is getting
[0:28] shafted by big oil. And the movie
[0:31] Everyman everyone loved. Remembering
[0:35] Jack Lemmon.
[0:42] This is the CBS Evening News with Dan
[0:45] Rather reporting from CBS News
[0:47] headquarters in New York.
[0:49] Good evening. A federal appeals court
[0:51] ruled today in the Microsoft case. It
[0:53] affirmed a lower court finding that
[0:55] Microsoft is guilty of breaking the
[0:58] nation's antitrust laws, but the appeals
[1:00] judges refused to affirm the lower court
[1:03] judges penalty and remedy, which was to
[1:06] break up Microsoft's giant computer
[1:08] software empire to give competitors a
[1:11] better chance. And the appeals court
[1:13] criticized the lower court judge. All
[1:16] this was a breath of fresh air on Wall
[1:17] Street. The Dow industrials rose overall
[1:19] 131 points. The Nasdaq gained 50.
[1:22] Microsoft itself gained $1.60 but then
[1:25] slipped back in after-hours trading. CBS
[1:27] News coverage begins with the big court
[1:29] decision and an almost unheard of rebuke
[1:32] of the judge who handled the original
[1:34] case. Here's CBS News economics
[1:36] correspondent Anthony Mason.
[1:39] Microsoft executives said it was like
[1:41] the sun had finally broken through. The
[1:44] ruling lifts the cloud of breakup over
[1:46] the company. The ruling was unanimous.
[1:49] By a 7-0 vote, the appeals court
[1:51] reversed the breakup of Microsoft,