If AOL plans to continue to use the Microsoft browser after the acquisition because that's the only way they can get access to the [Windows] desktop, that's a pretty strong indication of the barriers to competition that Microsoft has created.

Microsoft would do whatever they can to keep AT&T from going to AOL.

They all own GE, they all own Microsoft, and you're starting to see AOL show up. You're seeing a lot of common names.

Microsoft wants to own the real estate even of the AOL members,

You will see more integration of AOL content and services within the browser toolbar. You may see, for instance, an Instant Messenger button within Navigator. But Microsoft will be doing the same thing, integrating its portal content into its browser. I don't see this deal greatly improving Navigator's market share.

The most recent testimony seems to be an admission that Microsoft set up the browser to knock off Netscape rather than an attempt to improve the browser,