Thursday, February 28th 2008
EU Fines Microsoft Record 899 Million Euro
The European Commission fined yesterday US computer giant Microsoft for defying sanctions imposed on it for anti-competitive behaviour. Microsoft must now pay a record 899m euros ($1.4bn; £680.9m) after it failed to comply with a 2004 ruling that it abused its position. The ruling said that Microsoft was guilty of not providing key code to rival software makers. EU regulators said the firm was the first to break an EU anti-trust ruling. The fines come on top of earlier fines of 280m euros imposed in July 2006, and of 497m euros in March 2004. "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 antitrust decision," Competition Commissioner Neelie Kroes said in a statement. "As we demonstrated last week with our new interoperability principles and specific actions to increase the openness of our products, we are focusing on steps that will improve things for the future," Microsoft responded.
Source:
BBC News
74 Comments on EU Fines Microsoft Record 899 Million Euro
I couldn't care less if Microsoft is actually guilty or not (though I think they are), but you don't just piss all over another country's laws if you expect them to let you do business there. And Microsoft does expect to do business in Europe -- they'll never pull out, no matter how many fines are slapped against them, because they're still making a profit.
capitalism is about being screwed (dictated to) by the corporation..
either way u get screwed.. and either way u end up with no choice..
trog
ps.. sheep are made to be screwed.. and ultimatley end up on the shepherds f-cking dinner table.. he he
trog
Better?
as you say, will pull out ms will not, profits they would loose, bad for them that would be,pay their fines they will not, likely sanctions it will take, eather way funny i say it is people defending ms breaking laws.
TROG what you say about communism and capitalism is quite true.
But I think everyone needs a quick economics lesson. The best economy is a free market economy, which is an economy with ZERO government interference at all. While the U.S. may not have a free market economy they are the closest out of any other country in the world. Which is why Microsoft gets less government interference in America. While some less educated people may argue that if this is the case that a free market economy is very bad, I believe that if you educated yourself in economics that you would understand more of what I am saying then.The EU needs to embrace more of a free market economy like the U.S. does. thats what I think.
Also Random Murderer, Microsoft shouldnt fear its customers instead it needs to listen to them more, which they try to do. I have an excellent book that everyone should read called Why Software Sucks and what you can do about it but sadly i have forgotten the authors name lol. But it is a really good book with a few jokes in it that is really enlightening to me and im sure alot of people. It explains about how Microsoft does indeed listen to its customers. I encourage everyone to read this book.
Now me I dont think Microsoft should get fined because if you read this news.yahoo.com/s/ap/20080227/ap_on_bi_ge/eu_microsoft_7 you will see that Microsoft did indeed lower its royalty rates to virtually zero and yet the EU still saw fit to penalize them. Yes there is little competition to Microsoft in Europe at least. But does that mean that Microsoft has to drastically change the way it does business in another region in the world just because their thinking is vastly different from other regions of the world? I think not.
Again try not to flame me everyone Im really not trying to argue, im simply trying to put in my moneys worth of knowledge. As we all should try to do rather than cuss as candle did.
specialy here in holland
Forget an economics lesson -- try a history lesson.
You want an economy with ZERO government interference? Look at America's economy around the beginning of the 20th century. You know, back when you got paid two cents an hour, businesses employed little 9-year-olds to crawl around inside machinery (because they had smaller hands!), and food manufacturers regularly mixed all manner of hazardous and poisonous substances in with food just to increase weight and volume.
Oh yeah, I totally want to live like that again. Yeah, "national socialism" goes by another name, usually: Nazism. I think we can ALL do without that again, thank you.
I am not saying that all of Microsoft's business etiquettes are good or anything like that, far from. I am merely stating that this verdict is biased and just goes to show how ignorant the legislators on this area in the EU are.
Just my 2 cents.
800 million people in Europe - that's 800 million potential customers, 300 million people in the USA, Europe has double the amount of market than the USA, I'm surprised they're not doing more to make everyone in the EU and the EU "Government" to like them more.
Back on topic incidents like this happen on a daily basis I.E company's being fined and/or have sanctions put on them on both side of the water so i don't think anti EU UK US talk has any positive input here, We only heard about this particular case because 1. its a record breaking fine 2. its microsoft 3. it increases awareness of microsoft as a company in a good or bad way depends on how you the individual looks at it ( as seen in this thread ) and i'm sure there are many other reasons also.
Cheers
Gam
[end random thought]