M$ Slammed with fine

Microsoft has been slammed by the EU with a 899 Euro fine (~1.4Billion).

The European Commission, Europe’s top competition watchdog, fined Microsoft 497 million euros in March 2004 and ordered the company to open some key software to rivals so they could make compatible products.

In July 2006, the commission fined the company a further 280 million euros after determining that it was not respecting its original ruling.

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.

Source: AFP

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