Wednesday, March 24, 2004

Microsoft Is Fined $613 Million by European Union

Microsoft Is Fined $613 Million by European Union: "The European Commission -- the enforcer of EU competition law -- levied a record 497.2 million eurosfine ($613 million), ordered the unbundling of Windows Media Player within 90 days and required that ``complete and accurate'' information be given to rival makers of computer servers within 120 days.
Nonetheless, it amounts to slightly more than one percent of Microsoft's roughly $53 billion cash on hand. On January 22 it projected expected revenues of $8.6 billion and operating income of $3.1 billion for the current quarter."

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