EU Fines Microsoft Record $1.4 Billion
Feb 27th, 2008 by Shaun Carter
The European Union sure does have it out for Microsoft. The EU has imposed a record setting fine against the world’s largest software maker in retaliation for what it considers unreasonable prices being charged to companies seeking to design software compatible with the Microsoft Windows Operating System.
Microsoft is trading down only slightly at the open, although the stock is down over 10% since its attempted deal with Yahoo was announced a few weeks ago. I am hoping the news of the EU fine drops Microsoft a little more to create an ideal buying opportunity for the stock. I would really like Microsoft stock around $25 per share to begin establishing a good sized position. The stock is currently trading around a 52 week low and the $25 share price hasn’t been touched since 2006.
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