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

Court of Auditors report, European Anti-Fraud

Thursday morning MEPs debated a report from the European Court of Auditors on EU expenditure in 2007. more »

Cars sold 2 for 1 as sales crash

Wander along any supermarket aisle and you'll see a number of two-for-one offers. It's not something we're used to seeing at our local car showroom. more »

Big Three autos plead for help

The leaders of the so-called Big Three of the U.S. auto industry were on the hot seat on Capitol Hill. more »

HP Announces Preliminary Fourth Quarter Results

HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of $33.6 billion, a year-over-year increase of 19% or 16% when adjusted for the effects of currency. more »

Opening up the labour market

When the EU expanded in 2004, some of the 15 existing EU countries were worried they would be flooded by workers from eastern and central Europe. more »

Monday in Strasbourg: wage gap, euro at 10, EuroMedscola

Monday MEPs discussed ways to narrow the gender pay gap that still exists in Europe, despite 30 years of legislation. more »

MEPs' diagnosis on economy ahead of Washington G20

The financial crisis has become a major threat to the economies, jobs and lives of millions worldwide. more »

Tightening the net on overfishing

Fisheries in the EU are regulated to protect stocks from overfishing and prevent damage to marine ecosystems. more »

Energy in an emergency

Energy prices in the EU have risen by an average of 15% in the last year and Europeans wonder whether speculators are driving up oil prices. more »

USA Treasury will focus on investing in bank shares

Treasury Secretary Henry Paulson offered an update on the government's financial rescue efforts. more »