EU court upholds Microsoft antitrust penaltyJune 27, 2012 - 13:31 AMT PanARMENIAN.Net - Europe's second highest court has upheld a competition ruling against Microsoft saying it "essentially upholds the Commission's decision". But it slightly reduced the fine from 899m euros ($1.12bn; £719m) to 860m euros, BBC News said. The fine was imposed four years ago and was a record at the time. It was imposed because Microsoft had not provided certain information about its products to competitors as it had been ordered to do in 2004. EU anti-trust regulators originally fined Microsoft 497m euros in 2004 for abusing its dominant market position to block competitors. Microsoft was ordered to make the code for its server software available to competitors so their products could work alongside it. In 2008, Microsoft was given an additional fine for failing to comply with the 2004 order. The latest decision, "rejects all the arguments put forward by Microsoft in support of annulment", a statement from the EU General Court court in Luxembourg said. At a hearing in May 2011, Microsoft's lawyers had argued that the fine was excessive and undeserved. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |