Microsoft's EU Appeal is Ready
psic writes "According to techworld, Microsoft plans on lodging its official appeal to the European Commission concerning the EC's decision to fine the software giant 497.2 million euros, as well as forcing them to open up part of the code of Windows, "so other products could interoperate with it better".
It's taken Microsoft a couple of months, but their appeal is ready. One interesting thing is the fact that an appeal will take at least three years to conclude. But the decision of the EC might just come into effect very soon, regardless of Microsoft's appeal."
Hmmm.
Assuming 1) it takes three years for the appeal process to be completed, and 2) Microsoft will not pay the fine until they *lose* the appeal, will they also be liable for the interest on the money? Its not an insignificant amount...
--- We are not in the 8th dimension. We are over New Jersey.
What happens if Microsoft loses its request to suspend the remedies, so is forced to pay the fine and open up parts of Window's and subsequently wins the apeal?
OK, the EU can repay the fine (with intrest) but once the code is open it stays open.
it's a drop in the bucket compared to their $60 Billion in cash. It is just a simple "cost of doing business" for them. Not that I wouldn't be surprized if they rolled over on this without and appeal, but think about it.
"Do the Right Thing. It will gratify some people and astound the rest." - Mark Twain
"Do the Right Thing. It will gratify some people and astound the rest." - Mark Twain
Looking at the current stock price of 26.13 we calculate the number of outstranding shares at about 10,792,192,882.
The last dividend payment was 0.16 a share, which would come in a total of $1,726,750,861.08 , so they cut the dividend by a third for one quarter - big deal.
I guess what they really care about is having to open up their source, with all of the recent exploits, one can only imagine what will happen if the source is public knowledge (a whole new can of worms - ba da bing). It could be a public relations fiasco, especially if it comes to light that there are many exploits that are or should have been known by MS.