Microsoft To Pay Hefty Fine For Euro Troubles

Posted: Jul 11 2006, 4:20pm CDT | by , Updated: Aug 10 2010, 5:55pm CDT, in News | Other Stuff

 
Microsoft To Pay Hefty Fine For Euro Troubles
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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

Report Published by: Mark Raby

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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.

 

 

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