Finally, EU hits Microsoft with a hefty 899 million euros fine, because the latter, has been defying the court’s ruling since 2004. This case has generated a lot of media attention in the past few months and why not? Whenever there is anything to do with Microsoft, people in the media (including me) get excited.
So, why was Microsoft fined? Because-
The commission hit Microsoft with the new penalty, the sum of daily fines running from June 21, 2006 to October 21, 2007, because it said Microsoft had failed to charge rivals reasonable prices for access to key information about its work-group or back-office servers in contravention of the 2004 ruling.
Oh, and this too:
In particular, it accused Microsoft of using its stranglehold on PC operating systems to elbow rivals out of the more competitive markets for media players that play music and videos, and operating systems running back-office servers.
The European Union has also launched new cases against Microsoft targeting a broad range of software, including MIcrosoft’s Office suite.
And where did I read this piece of wonderful breakfast news? At Google News of course.
Microsoft’s second quarter Net Income was around $6.48 billion and for a company this large, $1.40 Billion will prove to be a lot of money, if you consider the intangibles and the future revenues that might (and will) fly out of the window.
Related Reading: Microsoft’s Core Competency
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