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Microsoft Suffers A Blow And Pays A Big Price |
| Published: September 17, 2007, 2:14 pm |
| Tags: featured top post, news, antitrust, eu, finance, microsoft, technology, windows |
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Today, Microsoft reportedly lost an antitrust case after the European Union court agreed with a prior ruling that the software giant abused its position in the market to squash any potential rivals. The court upheld the decision that was made in 2004 against the company and will fine them $689.9 million. A lawyer for the company said that the ruling will affect how they market future products; while Neelie Kroes, the EU Competition Commissioner stated in Reuters that the firm should see a significant drop in their current 95% market share. Kroes said in a news conference that, The court has confirmed [...] [ Full article ] |
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