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7/16/06

The Financial Express: Microsoft fined by EU

For the complete report go to the Financial Express or click on this link

Microsoft fined by EU

The European Commission fined Microsoft $357 million for failing to comply with an anti-trust order, even as the company faces more battles with European regulators over its next big product. The fine was meant to punish the company for not sharing technical information about its hugely profitable Windows operating system with competitors, as it was ordered to in a European anti-trust ruling in 2004. It was the first time a company had been fined for not obeying a European antitrust order.

Neelie Kroes, Europe's competition commissioner, said the fine was justified because Microsoft had for two years failed to supply information in a way that would allow rival software makers to make their programs work smoothly with Windows. "No company is above the law," Kroes said in a news conference in Brussels.

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