September 2007 - This note addresses the two most important legal issues arising from the CFI Judgment in Microsoft and the legal ramifications of them. In remarking on the Judgment, Brad Smith, General Counsel of Microsoft accurately said, “this decision will occupy, as it should, the thoughts and discussion of many people, not just in the weeks ahead, but in the months and years to follow. It is one of these decisions that has that kind of extraordinary impact”.