EU hits Microsoft with full Monti

Published: 19 March 2004 y., Friday
The European Competition Competitioner Mario Monti today confirmed that Brussels would rule against Microsoft - the World's biggest software company - for breaking EU competition rules. Top level talks between Microsoft Chief Executive Steve Ballmer and Mr Monti failed to break the deadlock in the investigation, which has been in progress for five years, although Mr Ballmer is thought to have made some concessions to European concerns. And today Mr Monti told an impromptu press conference in Brussels, "I'd just like to inform you that a settlement on the Microsoft case has not been possible". He added that he wanted to create a "clear precedent" which would be better for consumers and competition. The amount of the fine, which could be as high as ten percent of Microsoft's turnover, will be decided next Wednesday (24 March). In addition, the EU could force Microsoft to offer versions of its Windows operating system without certain features, notably Windows media player - which allows users to download audio and video clips. Brussels believes that Microsoft's practice of including this media player with its Windows system - known as "bundling" - is an abuse of its dominant market position. Microsoft - which employs 12,000 people in Europe - saw its share price decline sharply by around two percent in European trading on the news.
Šaltinis: euobserver.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

AB Bank SNORAS business loan portfolio has increased by 74 million Litas

On 30th April this year, AB Bank SNORAS business loan portfolio, in comparison to 31st December 2008, i.e. during the first four months of this year, grew by 74 million Litas or 3.8 per cent, while the business loan portfolio of the most banks operating in Lithuania was decreasing. more »

UK car sellers' pitch to the city

London's financial district, Canary Wharf is transformed into a giant car showroom. Dozens of manufacturers and dealers have flocked to this part of the city to show off their latest models. more »

Russia overtakes Spain, U.K. as largest ATM market in Europe

In the latest edition of its 2009 survey, "ATMs and Cash Dispensers Central and Eastern Europe," Retail Banking Research Ltd. says the 15 countries it has tracked in CEE have once again shown exceptional growth. more »

Another Five Winners of the Danske Bankas Monthly Scholarship Award have been Announced

During the draw another five winners of the Danske Bankas monthly Scholarship award (a one off payment to the amount of 250 litas) were announced. more »

Commission approves Swedish state guarantees for Volvo Cars

The European Commission has authorised, under the EC Treaty’s rules on state aid, plans notified by Sweden to provide guarantees that would enable Volvo Personvagnar to access loans from the European Investment Bank. more »

EU and Southern African countries sign interim deal

The European Union signed an interim Economic Partnership Agreement (EPA) today with Botswana, Lesotho and Swaziland. more »

EU previews jobs strategy

Commission proposes to immediately free up €19bn in earmarked funds to fight unemployment as recession takes its toll. more »

From 1 July 2009 Danske Bankas will introduce new fees for bank services and operations

Danske Bankas would like to inform all present and future customers that, as of 1 July 2009, the cash withdrawing fee from Danske Bankas' ATM network in Lithuania is to change. more »

Food labels revisited

One day not so far in the future, Europeans may be able to buy a loaf of bread knowing where the flour came from. more »

GM bankruptcy seen near

General Motors is getting closer to filing what would be the largest industrial bankruptcy in US history. more »