Microsoft tells mediator it's time to settle

According to information that was reportedly leaked by Microsoft Corporation itself, the software giant is ready to settle its antitrust case in order to avoid being broken up by the U.S. government. The company has apparently revealed that it is ready to accept a range of "common-sense" restrictions to prevent the "regulatory death sentence" of a breakup. It's the clearest sign yet that Microsoft is ready to give up its fight against the DOJ, which presented a clear-cut victory in court that was later backed up by Judge Thomas Penfield Jackson's findings of fact in November.

"Microsoft is quite seriously trying to settle this case, and we believe a common-sense settlement should be possible," the company wrote in a message to the U.S. Congress. A breakup of the company, the message reads, would be "extreme and unwarranted, a regulatory death sentence while the high-tech economy whizzes by on Internet time."

Lawyers for Microsoft Corporation and the DOJ have been locked in settlement talks with mediator Richard Posner since late 1999

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