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May 9, 2008 11:55 AM
Microsoft appealing record EU antitrust fine
Posted by Benjamin J. Romano
In a curt statement, Microsoft said Friday it is appealing the 899 million Euro ($1.3 billion) antitrust fine leveled by the European Union. "We are filing this appeal in a constructive effort to seek clarity from the Court. We will not be saying anything further," the company stated.
The fine, which punished Microsoft for 488 days of non-compliance with a 2004 European antitrust ruling, came down on Feb. 27.
In its most-recent quarterly report, Microsoft took a 15 cent per share hit against earnings to cover the fine. (It was offset by a tax benefit.)
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Posted by goHawks
7:42 PM, May 09, 2008
Microsoft becomes EU's ATM - Whenever they need money, just go fine Microsoft.