Thursday, March 25, 2004

*Ø* Blogmanac | Microsoft faces 'record EU fine'

"Software giant Microsoft looks set to face the biggest fine in EU history for abusing its monopoly position.

"The European competition commissioner is set to reveal [on Wednesday] what penalties he is imposing on Microsoft.

"But EU member states met to discuss his proposals on Monday, after which leaks swirled round Brussels that it would be nearly 500m euros ($616m; £334m).

"Microsoft has a cash pile of more than $50bn, so even a fine on this scale is unlikely to hurt it commercially."

Full text at BBC

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