EU gives Microsoft $357 million fine

Posted on Wednesday, Jul 12 2006 @ 22:55 CEST by Thomas De Maesschalck
The EU has hit Microsoft with a $357.3 million fine, citing the software giant's continued noncompliance with its landmark 2004 antitrust ruling:
The European Commission issued the 280.5 million euro fine for the period between Dec. 16 and June 20. That figure amounts to a daily fine of 1.5 million euros, which the Commission is prepared to increase to up to 3 million euros per day if the software giant does not come into full compliance beginning July 31.

"I don't buy Microsoft's line that they didn't know what was being asked of them because the March 2004 order is absolutely crystal clear," Neelie Kroes, who heads the Commission's antitrust bureau as its competition commissioner, said Wednesday at a press conference in Brussels. "And in order to increase the incentive for Microsoft to comply, the Commission has decided the ceiling for potential fines will be raised."
Microsoft plans to appeal the new fine to the Court of First Instance. More details about the situation can be read over at CNET.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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