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 | Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. U.S. “deeply troubled” by Azerbaijan's arrest of civil society members The United States is deeply troubled by the continued arrest of members of Azerbaijani civil society, Matthew Miller has said. Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. For the first time, Armenia votes in favor of Georgia resolution in UN Armenia on Tuesday, June 4 voted for the first time in favor a resolution adopted by the United Nations General Assembly. |