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EU Fines Microsoft $1.4 Billion

Feb 27 2008, 9:49am CST | by , in News | Other Stuff

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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