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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."
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.
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.
You missed the point. The 497 million euro fine isn't supposed to achieve much. Being forced to open their APIs and standards is the kicker.
Samba, for instance, could go from being a pretty good if not always complete implementation of SMB to a complete drop-in replacement very quickly indeed. Developing a complete replacement for Exchange which can interoperate with an existing Exchange setup becomes much more faesible.