EU Attacking US companies - part 2
Even if you don't own stock in Microsoft (MFST), Apple Inc (AAPL), Hewlett Packard (HPQ), or Intel (INTC) you probably own a mutual fund that does. When the European Union fined Microsoft, where did that money come from ... Retained Earnings, Holders Equity, ... it's money that certainly came out of the stock price, If you look further, the money coming out of Microsoft also had a detrimental effect on the market, the Tech sector, the industry, By the time you calculate the ripple effect, American stockholders, probably lost 50x the amount of the EU fine.
Having accused Microsoft of being a monopoly, convicting and fining Microsoft for being a monopoly without competition, what is the EU's attack on Apple Inc.? The EU wants Apple to give its software away AND make it work with competitor softwate so EU citizens can listen to their iTunes music on other devices. Is this hillarious? I think it's two faced, The EU demands competition then, when they get the competition, it's ... do an about face. So, now it's harrass Apple Inc. .... and do you see the EU giving the Microsoft money back? "course not.
WE have a US Constitution. The EU doesn't have a Constitution yet the EU is enforcing EU laws now leaving Microsoft, Apple, Intel, Hewlett Packard, etc. without specific Written RIGHTS, and therefore subject to EU government and EU laws that that are certainly conflicted and yet without recourse. It's your money the EU is stealing. The EU isn't going to stop until we, the stockholders, we the consumers, make ourselves heard. Here's the fun part. In my previous blog I gave you the Europe Direct website to make yourself heard. Here are three more websites to render your opinion if you choose:
EU Commissioner Nelie Kroes:
EU Commissioner Benita Ferrero-Waldner :
;;;; AND, ta da!, the website for ALL the EU commissioners:
So, drop a note to the EU to let them KNOW HOW YOU FEEL ABOUT YOUR MONEY.