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Microsoft Up as Suits Dismissed

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Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report was up 0.9% in preopen Island trading. On Friday, a federal judge dismissed 38 private antitrust lawsuits accusing the software giant of overcharging for its Windows operating system. The cases were dismissed because the plaintiffs had not purchased Windows directly from Microsoft, but from PC makers. The ruling was based on a 1977 Supreme Court decision restricting damages against antitrust violators to direct customers of the company.

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