Microsoft Fined $357 Million, Says Ouch

The European Commission has found Microsoft guilty of disobeying a 2004 ruling on antitrust actions, and fined the software giant $357.3 million. This isn't the first time the Commission has disciplined the company-Microsoft was fined $633 million when the antitrust ruling was first made. As one might expect, Microsoft is none too happy about the penalty. "We have great respect for the Commission and this process, but we do not believe any fine, let alone a fine of this magnitude, is appropriate given the lack of clarity in the Commission's original decision and our good-faith efforts over the past two years," the company said in an Reuters article and as July 24 in the Microsoft statement), the company will face further fines. Add to document.write("Del.icio.us") | Yahoo! My Web Technorati: Doug is a staff writer for Murdok for the latest eBusiness news.