ABC Money
Home

Hungary officials raid Microsoft office


Published :
Thu, 26 Jul 2007 21:43
By : Agencies
Print this Story


AddThis Social Bookmark Button

BUDAPEST, Hungary (AP) - Hungary's state Competition Authority raided the offices of Microsoft Corp.'s local subsidiary as part of a probe into the company's relationship with large software distributors.

The unannounced raid took place July 19 at the offices of Microsoft Magyarorszag Kft., according to a notice posted on the authority's Web site.

According to the statement, Microsoft used sales conditions and offered software distributors incentives -- described as 'loyalty discounts' -- so they wouldn't offer clients anything but Microsoft Office products.

Such behavior could lead to the exclusion of competitive products from the market and violate European Union rules, according to the authority known as the GVH.

'During the raid, the GVH gathered evidence supporting these suspicions,' the authority said, adding that the probe did not mean Microsoft had broken the law.

Microsoft spokesman Guy Esnouf said the software company was cooperating with Hungarian authorities.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Hungarian competition authority raids Microsoft subsidiary
In Conn., feds urged to stop raids
+
Budapest shares TFN at a glance outlook

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10733.67
+47.69 ( 0.45 %)
NASDAQ
2389.09
+11.08 ( 0.47 %)
FTSE 100
5651.29
+6.66 ( 0.12 %)

SYMBOL ( 2010-03-18 )
LAST
CHANGE
GLAXOSMITHKLINE ( 9:10am )
1260.00
+35.50 ( 2.86 %)
RECKITT BENCKISER ( 9:10am )
3507.00
+27.00 ( 0.78 %)
ANGLO AMERICAN ( 9:10am )
2754.00
+26.50 ( 0.98 %)
SABMILLER ( 9:10am )
1912.00
+23.00 ( 1.22 %)
BG GROUP ( 9:10am )
1193.57
+20.57 ( 1.77 %)

SYMBOL ( 2010-03-17 )
LAST
CHANGE
AMERICAN INTERNATIONAL GROUP INC ( 4:01pm )
34.41
+0.80 ( 2.32 %)
EXXON MOBIL CORP ( 4:01pm )
67.36
+0.79 ( 1.18 %)
CATERPILLAR INC ( 4:00pm )
60.22
+0.77 ( 1.29 %)
ALCOA INC ( 4:00pm )
14.46
+0.66 ( 4.71 %)
BOEING CO ( 4:01pm )
69.38
+0.66 ( 0.96 %)

SYMBOL ( 2010-03-17 )
LAST
CHANGE
FIRST CITIZENS A ( 4:00pm )
212.00
+10.74 ( 5.30 %)
DECKERS OUTDOOR CP ( 4:00pm )
135.74
+5.00 ( 3.82 %)
GREEN MT COF ROAST ( 4:00pm )
97.61
+3.68 ( 3.90 %)
SOMANETICS CORP ( 4:00pm )
20.79
+3.31 ( 17.55 %)
NOVATEL INC ( 3:26pm )
38.80
+2.76 ( 7.65 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.