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EU hits Microsoft with record 899 million euro anti-trust fine
>> From AFP via google:
[QUOTE]
EU competition regulators dealt a new blow to Microsoft on Wednesday, fining the US software giant a record 899 million euros for defying a landmark 2004 anti-trust ruling.
The fine, equal to 1.4 billion dollars, is the biggest ever levelled against a single company in an EU antitrust case and brings the total penalties against Microsoft to just below 1.7 billion euros.
"Microsoft was the first company in 50 years of EU competition policy that the commission has had to fine for failure to comply with an anti-trust decision," EU Competition Commissioner Neelie Kroes said.
In reaction, Microsoft said it was "reviewing the commission's action" and highlighted that the latest EU action targeted "past issues."
"The commission announced in October 2007 that Microsoft was in full compliance with the 2004 decision, so these fines are about the past issues that have been resolved," the company said.
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.
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Full Story: AFP
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