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Record EU Fine for Microsoft

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Record EU Fine for Microsoft

Postby Cmartin on Thu Feb 28, 2008 10:07 am

http://biz.yahoo.com/ap/080227/eu_microsoft.html

Mr Softy (MSFT) now has the #1 and #2 biggest fines in the EUs short history. The new 1.3B fine surpasses it's old record of 600M. This is a long overdue fine for poor business practices from back in 1998 when Sun Microsystems (SUNW) filed suit against them. Fortunately for Microsoft their overseas revenue was over 14B this year so it is but a drop in the bucket. Reps from Microsoft also mentioned this will not affect their bid for Yahoo!(YHOO) currently valued at 44B.

This is not the end of legal troubles for Microsoft though as the EU has another probe investegating their Office and Explorer software.

I've been tempted many times by Microsoft. It's a stock that you'd think given their massive amount of cash and ability to essentially print money should be much higher but for some reason the street doesn't like it. I am bullish in the extreme long run but I don't think you'll see this stock exploding anytime soon.
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