Microsoft Fined 1.4 billion by European Union – market yawns
Despite a record fine of 1.4 billion dollars by the EU for failing to share code, Microsoft’s stock price dropped just a tiny bit today – a drop not even clearly associated with the ruling. Given that the fine represents only a fraction of a percent of Microsoft’s capitalization and that it removes some uncertainty from the always massive MS legal equation it is probably reasonable to assume the market had pretty much fully incorporated the EU instability into the price of Microsoft.
The BBC Reports
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February 27, 2008 - Posted by JoeDuck | investments, microsoft, news | EU, fines, microsoft fine, msft
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