Microsoft is meeting with the EU to try and save the company from $2.4 million in daily fines
Microsoft is hoping to avoid heavy fines from the European Union by defending itself during a two-day hearing about its delay of not sharing software code with rivals. The company faces a $2.4 million daily fine if the EU decides to levy the fines. After the first day of the hearing yesterday, Microsoft said that it is optimistic that it will be able to avoid the daily fine. The EU still believes that Microsoft hasn't met the terms of an antitrust order that forced the company to share information with rivals two years ago. MarketWatch reports:
During the hearing's first day, the independent trustee monitoring the case went through a detailed presentation of his difficulties in using Microsoft's instructions for rivals on how to integrate its programs, according to people attending. Microsoft responded that it has done more than enough to comply with E.U. orders and is willing to make further concessions.
Software producers from companies like Sun Microsystems, Oracle, Novell and IBM will speak during the second day of the hearing today to show proof that Microsoft hasn't done enough.
"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton
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