backtop


Print 60 comment(s) - last by tynopik.. on Jul 11 at 10:47 PM

Microsoft is not happy

Operating system giant Microsoft Corp. (MSFT) became the first high profile victim of aggressive European Union antitrust enforcement (but it would not be the last).  Slapped with almost $2B USD in fines, the company was lashed for browser bundling and other tactics viewed by the European Commission regulators as anticompetitive.

Microsoft appealed the fine, but the results were less than what it was hoping for.  The appeals body -- the General Court of the European Union announced [PDF] this week its decision to cut the €899M fine to a mere €860M ($1.1B USD), a reduction of €39 (~$48M USD).

A Microsoft spokesperson told Reuters it was "disappointed with the court's ruling."

With the appeals exhausted, it now appears Microsoft will have to pay up to preserve the billions in yearly business it gets from the EU.  The ruling is the latest setback for Microsoft in Europe.  

The company has suffered from plenty of bad PR in Europe in the wake of UK court proceedings which detailed a sexual harassment by managers.  The incident led to several resignations and several civil suits, placing Microsoft squarely in the crosshairs of the EU state's active tabloid industry.

Sources: General Court of the EU [PDF], Reuters



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: I think I fugred it out...
By shyhh on 7/2/2012 1:58:38 AM , Rating: 2
That is unfortunately the sad fact of the market economy. You cannot prevent a company from being more efficient. It is not unfair. Amazon is able to do it because they are running on a lower cost and that is why they can offer a better deal. It benefit the consumers which is ultimately what free market competition is all about.


"Vista runs on Atom ... It's just no one uses it". -- Intel CEO Paul Otellini














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki