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EU Fines Microsoft $1.4 Billion

Posted: Feb 27 2008, 9:49am CST | by , in News | Other Stuff
Updated: Aug 11 2010, 6:29am CDT

 

EU Fines Microsoft $1.4 Billion
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BBC News reports that the EU has fined Microsoft a record setting $1.4 billion USD or 899 million Euros. The fine came after the EU found that Microsoft had not complied with a 2004 ruling that said the software giant had abused its market leading position.

The fines come on top of earlier fines against Microsoft in the amount of 280 million Euros and 479 million Euros in March 2004. "Microsoft was the first company in 50 years of EU competition policy that the Commission has had to fine for failure to comply with an antitrust decision," Competition Commissioner Neelie Kroes said in a statement.

According to BBC News Microsoft announced last week that it would open up its technology for some of its leading software to make it easier for rivals to create products that operate with its software. Judging by the enormity of the fine levied against Microsoft, this move was too little, too late.

Via BBC News.

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The Author

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

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