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Monday May 30, 2005 3:20 pm
Antitrust Case Puts Microsoft vs. the EU
Last March, the European Union’s Antitrust Regulators slapped Microsoft with a whopping $624,000,000.00 fine (that’s 624 million United States Dollars – and that ain’t chump change!) for using their market-dominating Windows software “abusively” to lock out competition in the EU. Additionally, the Redmond, WA based software giant was forced to share their source code selectively with rivals to encourage competition.
EU antitrust chief Neelie Kroes said last week she wants to take stock of the situation by Wednesday and could move to impose sanctions on noncompliance soon afterward if she is not satisfied with the concessions. The EU has within its rights the possibility to fine Microsoft up to 5 percent of its daily global sales for each day that a decision is not applied to its satisfaction.
In other words, Microsoft will be subject to huge fines and penalties if, by Wednesday, 01 June 2005, there aren’t more concessions made in favor of the competition in Europe. Microsoft has yet to reach a compromise as the deadline looms nearer, and the EU threatens sanctions and punishment that could be as steep as 5% of Microsoft’s global daily sales for each day that passes after the deadline, before an agreement is reached. And that really isn’t chump change.
Microsoft EU Antitrust Case | KOMO
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