Microsoft fined $1.3 Billion by EU
Written by admin on Wednesday, February 27th, 2008 in gadgets.
Talk about a hefty fine. Microsoft has indeed taken it on the chin with this one, with a record fine of $1.3 billion by the European Union for what it considers unfair business practices by the giant software company.
The fine stems from an investigation that claims that Microsoft unfairly charged software competitors for wanting to develop software that was compatible with the Windows OS. Back in March of 2007, the EU disputed that Microsoft fees for sharing information software developers was unfair. In the EU, Microsoft was charging royalties of 3.87% of competitor product revenues for patents and 2.98% product revenues for communication information.
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