EU Fines Microsoft $1.35 Billion For Failure to Comply with Ruling
By Peppi Kiviniemi
BRUSSELS -- The European Commission Wednesday fined Microsoft Corp. a record €899 million, or $1.35 billion, for failing to comply with the commission's 2004 antitrust ruling.
The commission said that, until Oct. 22, 2007, Microsoft had charged "unreasonable prices" for access to technical documentation which would allow third party developers to create compatible software.
The fines were garnered over a 488 day period of noncompliance, amounting to a daily fine of €1.84 million. Although this is the highest amount the commission has ever charged in an antitrust case, it was still only 60% of what it could have been.
I hope you did not buy into msft this past week on the report that msft was coming out with major news. I see msft as dead money but that is my opinion.
