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Microsoft To Pay Hefty Fine For Euro Troubles
Jul 11 2006, 4:20pm CDT | by Luigi Lugmayr
The news just broke that Microsoft, which had been facing problems with Europe for antitrust violations, will be forced to pay a pretty respectable size fine, up to 300 million euros (close to $400 million).
In March of 2004, the European Commission set forth specific guidelines for Microsoft to follow, which the company has failed to do. If Microsoft does not pay the fine by the end of the month, it will increase at the rate of as much as 3 million euros per day.Obviously Microsoft is no stranger to legal troubles when it comes to antitrust regulations, so this isn't an enormous blow to them, but it does let them know that Europe is serious about Microsoft's seemingly monopolistic abuse.
Via Yahoo
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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