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European Union Drops $357 Million Fine on Microsoft
by Rainier on July 12, 2006 @ 11:59 a.m. PDT
In 2004, the EU ordered Microsoft to share program code with rivals as part of a ruling in its antitrust lawsuit. Now the EU believes Microsoft did not fully comply and imposed a $357 million fine, and threatened new penalties of $3.82 million a day beginning July 31. Microsoft of course immediately said it would appeal the fine in court, saying the unprecedented fine is not justified. EU Competition Commissioner Neelie Kroes says after two years, she feels Microsoft has still not put an end to its illegal conduct, justifying the penalty payments.
In 2004, the EU ordered Microsoft to share program code with rivals as part of a ruling in its antitrust lawsuit. Now the EU believes Microsoft did not fully comply and imposed a $357 million fine, and threatened new penalties of $3.82 million a day beginning July 31. Microsoft of course immediately said it would appeal the fine in court, saying the unprecedented fine is not justified. EU Competition Commissioner Neelie Kroes says after two years, she feels Microsoft has still not put an end to its illegal conduct, justifying the penalty payments.
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