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Line 53: − + − In 1990, Microsoft became the first PC Software company to record more than $1 billion sales in one year. Michael Hallman assumed President and CEO of the company after the retirement of Jon Shirley. That same year, the U.S. Department of Justice started to investigate Microsoft Corp., regarding allegations of monopolistic practices in the PC software market.<ref>[http://library.thinkquest.org/22522/timeline4b_en.html Computer Chronicles]</ref>+
→Microsoft during 1990's- DOJ Allegations
On March 14, 1986, Microsoft went public and traded more than 3.58 million shares. The stock price was $21 per share during the opening day day and closed at $27.Co-founders Paul Allen and Bill Gates became instant millionaires during the offering.<ref>[http://blog.seattlepi.com/microsoft/2006/03/16/looking-back-microsoft-ipo-march-1986/ Microsoft IPO]</ref>
On March 14, 1986, Microsoft went public and traded more than 3.58 million shares. The stock price was $21 per share during the opening day day and closed at $27.Co-founders Paul Allen and Bill Gates became instant millionaires during the offering.<ref>[http://blog.seattlepi.com/microsoft/2006/03/16/looking-back-microsoft-ipo-march-1986/ Microsoft IPO]</ref>
===Microsoft during 1990's- DOJ Allegations===
===Law Suits (1990s)===
The U.S. Department of Justice started to investigate Microsoft Corp., regarding allegations of monopolistic practices in the PC software market.<ref>[http://library.thinkquest.org/22522/timeline4b_en.html Computer Chronicles]</ref>
In 1997 and 1998,the US Department of Justice alleged that Microsoft violated a 1994 consent decree regarding the licensing of the Windows operating system to computer manufacturers, and violations of Section 1 and Section 2 of the Sherman Act for illegal business practices and for illegally protecting and extending the Windows software monopoly respectively.<ref>[http://www.pbs.org/newshour/bb/law/july-dec98/microsoft_11-12a.html U.S. vs Microsoft]</ref>
In 1997 and 1998,the US Department of Justice alleged that Microsoft violated a 1994 consent decree regarding the licensing of the Windows operating system to computer manufacturers, and violations of Section 1 and Section 2 of the Sherman Act for illegal business practices and for illegally protecting and extending the Windows software monopoly respectively.<ref>[http://www.pbs.org/newshour/bb/law/july-dec98/microsoft_11-12a.html U.S. vs Microsoft]</ref>