Reported by Star-Bulletin staff & wire
Wednesday, May 27, 1998
Oracle CEO blasts Microsoft tactics
BOSTON -- Oracle Corp. chief executive Larry Ellison accused archrival Microsoft Corp. of taking outrageous and tacitly illegal measures to protect its dominance of the personal computer desktop.Ellison said Microsoft, facing a landmark government antitrust case, uses its monopoly on computer operating systems to drive other companies out of business.
He said Microsoft unfairly competes by taking underselling or poorly performing applications and bundling them with new versions of its Windows operating system.
Ellison is also on the board of Microsoft rival Apple Computer.
Microsoft spokesman Mark Murray denied the charges.
13 plead innocent to laundering money
LOS ANGELES -- Thirteen people, mostly Mexican bankers, have pleaded innocent to laundering millions of dollars for drug cartels.The pleas entered yesterday in U.S. District Court were the first here since four indictments were unsealed last week in the largest drug money laundering case in U.S. history, said Thom Mrozek, a spokesman for the U.S. attorney's office here. The suspects were being held without bail.
Moody's downgrades Japan bank ratings
TOKYO -- Moody's Investors Service today downgraded credit and financial strength ratings for five major Japanese banks, citing concern over Japan's weakening economy and the Asian financial crisis.The banks were Bank of Tokyo-Mitsubishi, Industrial Bank of Japan, Dai-Ichi Kangyo Bank, Sakura Bank and Sumitomo Bank. In a grim assessment of the country's financial institutions, the credit agency also put another four Japanese banks on review for possible downgrade.
See expanded coverage in today's Honolulu Star-Bulletin.
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