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Microsoft's gonna get fined this Wednesday.
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Clinically Insane
Join Date: Dec 1999
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Jul 10, 2006, 11:29 AM
 
http://news.zdnet.com/2100-3513_22-6091994.html

Finally! Someone's doing something. They're getting an initial fine of about U.S. $1.36 billion, plus U.S. $2.5 million each day after. Part of the talks includes raising the fines from U.S. $2.5 million to U.S. $3.8 million. That'd add another U.S. $700 million to existing fines, then on from there.

While it'll take about 30 years of these fines before Microsoft would have to even dip into their hordes of cash reserves, it will be a stain on their public image and ultimately hurt their stocks and shareholders.

I love the quote from the U.S. lawyer.

Originally Posted by Dumbass Lawyer
U.S. Justice Department lawyer Renata Hesse conceded in May that the American approach--which has not relied on coercion--had failed to accomplish as much in five years, more than twice the time since Europe in 2004 ruled the firm was exploiting a near-monopoly.
[instert picture of Garfiled thinking, "Well, DUH!"]
"…I contend that we are both atheists. I just believe in one fewer god than
you do. When you understand why you dismiss all the other possible gods,
you will understand why I dismiss yours." - Stephen F. Roberts
     
Professional Poster
Join Date: Mar 2004
Location: Pretentiously Retired.
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Jul 10, 2006, 11:33 AM
 
Didn't you post this not too long ago?

Edit: http://forums.macnn.com/showthread.p...microsoft+fine

Yuuuup
     
Clinically Insane
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Jul 13, 2006, 03:26 PM
 
They got the fine, but not as much. It was reduced to €1.5 million a day, and Microsoft has been extended to the 31st; by then it'll raise to €3 million.

Personally, I don't think Microsoft cares. The entire year's worth of fines only amounts to 10 days worth of pure profit out of the fiscal year for Microsoft.

Their stock, however, took a rather nasty dip.
"…I contend that we are both atheists. I just believe in one fewer god than
you do. When you understand why you dismiss all the other possible gods,
you will understand why I dismiss yours." - Stephen F. Roberts
     
   
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