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Vet67to82 (< 20)

EU Attacking US companies - part 2

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June 22, 2008 – Comments (4) | RELATED TICKERS: MSFT , AAPL , HPQ

  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:

  http://ec.europa.eu/commission_barroso/kroes/index_en.html

   EU Commissioner Benita Ferrero-Waldner :

   http://ec.europa.eu/commission_barroso/ferrero-waldner/index_en.htm

  ;;;; AND, ta da!,  the website for ALL the EU commissioners:

    http://ec.europa.eu/commission_barroso/index_en.htm

 

    So, drop a note to the EU to let them KNOW HOW YOU FEEL ABOUT YOUR MONEY. 

4 Comments – Post Your Own

#1) On June 22, 2008 at 3:22 PM, devoish (98.62) wrote:

Vet67to82,

You spoke of the US Constitution and I am wondering how that was relevant to the EU or your post?

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#2) On June 22, 2008 at 3:31 PM, lquadland10 (< 20) wrote:

Got to love globalization. MSFT is part of the cfr or the crf . They outsource to China and get the visa leveled higher so they can get more lower paid employes into the United States and then complain about the EU. Well, I think that they are reaping what they sowed.

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#3) On June 23, 2008 at 12:32 PM, Vet67to82 (< 20) wrote:

   Our founding fathers determined that government was a necessary evil.  Our founding fathers prudently determined the best way was to setup a government in segments to watch over each other so no one segment could dominate.  Ultimately, it's the responcibility of the people to insure the government doesn't overstep it's authority.  With our representative form of government, we have the Executive Branch, the Judicial Branch, and the Legislative Branch which proposes, debates, and passes the laws that we, as a society, must abide.  However, if the law is unjust, the courts have the responsibility to determine if the law is Constitutional, and if not ... declare it unConstititional and send it back to Congress,

   The EU proposed a constitution, they voted, it DIDN'T pass.  So, if the law is conflicted, or unfair, or prejudicial, there is no "constitutionality" issue, that any US company or US citizen can argue before the EU courts,  to the laws the EU is passing, AND ENFORCING NOW.  Any government, without limits, is a government that can, and most likely will, run amok. 
          ______________________

Here is an excerpt from EU Commissioner Neelie Kroes speech

European Competition Policy in the age of globalisation – towards a global competition order?

First Symposium in Innsbruck,

Innsbruck, 7 February 2008

"This is why, if European business wants to continue to benefit from the opportunities globalisation brings, European regulators and policy-makers need to deliver open and competitive markets. Not only at home, but also abroad. And without resorting to protectionism or putting our internal competition system on the sidelines.

In terms of economic governance, this means that we have to ask ourselves how best to keep a grip on global actors in a global economy, if their anti-competitive behaviour is damaging the interests of the Union, its businesses or its citizens.

Ideally, faced with global problems we would design truly global solutions. But unfortunately, as we all know, attempts to introduce an international competition order within the WTO have failed so far.

Around the world, competition rules are still national, bilateral or at best regional, and they are enforced by numerous authorities each acting on its own respective territory."
          _______________________

  Neelie Kroes words, not mine.  The World Trade Organization (WTO) is a failure.  If you are selling a widgit, and a EU company wants to include that widgit in a EU or global product, then you'd better expect EU Commission is going to be in your face to FORCE you to cut prices GLOBALLY ... not just in the EU.

   That's why the US citizens are fortunate.  The US Constitution IMPOSES limits on the government, in an effort to ensure it's balanced and fair to the benefit of the people. 

EU Commissioner Neelie Kroes, is proposing, endorsing, and the EU Commission is enforcing GLOBAL competition rules that URSURP the RIGHTS of US citizens to control our financial, intellectual, and creative properties.  There is no EU constitution to LIMIT the EU from passing ANY law, corrupt, unfair, prejudicial, conflicted, etc.

 However, we the people, can educate the EU that WE are watching.  We can educate the EU that the EU decision to unfairly attack US companies for the profit of the EU is unacceptable. If we pay attention,  if we stick together, if we make an effort together - and not leave it for the "other guy",  the flaw in the EU global plan is the EU can't force us to buy EU products.  E-mail the EU.  Educate the EU on the flaw in their global plan to enrich EU companies and citizens to the detriment of USA companies and citizens.    All we have to do is stop buying EU products,   Let the EU Commission be aware WE are watching and don't like them sticking their greedy mitts into our pockets, stealing from our IRAs, 401Ks, etc. 

   It's not my paranoid delusions.  It's your money.  Go to the EU websites I've listed. READ the numerous speaches Neelie Kroes has given within the EU.   The more you read, the less you'll like. The EU Commission has a GLOBAL plan and it's going to be at our expense.      

  

  

      

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#4) On June 23, 2008 at 5:14 PM, leohaas (32.18) wrote:

Hey, MSFT wants to do business in Europe. If it does, then it will have to do so by whatever rules the Europeans come up with. The only alternative is not to do business...

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