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GardenTalker
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Joined: 11 Oct 2007
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Location: Canada
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 Posted: Wed Feb 27, 2008 2:28 pm Post subject: EU fines Microsoft record $1.3 billion |
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Now that's a gotcha - I wonder who and how they determine what is an 'unreasonable' price, in a free market economy ?
http://money.cnn.com/2008/02/27/technology/eu_microsoft.ap/index.htm?postversion=2008022706
EU fines Microsoft record $1.3 billion
World's largest software supplier fined for charging rivals too much to make
Microsoft was fined a record $1.3 billion by the European Union for anti-trust violations related to software information.
| Quote: | BRUSSELS, Belgium (AP) -- The European Union fined Microsoft Corp. a record $1.3 billion on Wednesday for charging rivals too much for software information.
EU regulators said the company charged "unreasonable prices" until last October to software developers who wanted to make products compatible with the Windows desktop operating system.
Microsoft (MSFT, Fortune 500) immediately said that these fines were about past issues that have been resolved and the company was now working under new principles to make its products more open. cont..
The fine is the largest ever for a single company and the first time the EU has penalized a business for failing to obey an antitrust order. |
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