EU fines Microsoft $613 million
updated 07:20 am EST, Wed March 24, 2004
EU fines MS $613 million
The European Union today for abusing its "near monopoly" with Windows to squeeze out competitors in other markets. Further, the EU said that because Microsoft's abuses are currently continuing, the company must change the way it operates in Europe, including offering a version of Windows to computer makers that doesn't isn't bundled with Windows Media Player and sharing its source code with rivals in server market. Microsoft has said it will appeal the verdict and will ask the court to suspend the order during the appeal, a process that could take years.
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Joined: Dec 2003
It's About Time!
I hope the EU gets every last penny out of Microsoft! They've been at this monopolistic behavior for way too long. The sad thing is that we (the U.S.) just gave them a slap on the wrist for their prior settlement. Heck, $613 million is still probably a slap on the wrist for them as I believe they profited billions last year.
On another note, I just happened to finish watching an interview with Microsoft's General Counsel, Brad Smith. He had the flawed opinion that the EU's decision would put Microsoft's innovation at risk. Innovation? What the h***? What Microsoft have you really come up with that you didn't freakin copy off of someone else? Or buy through the acquisition of another company given your monopolistic strength? Possibly some, but hardly any. In my opinion, you're getting what you deserve.