EU attacking US companies
The European Union (EU) has fined Microsoft (MSFT) for anti-competitive behavior and for excessive royalty rates throughout the world. I certainly understand The EU rights to question royalty rates within the EU borders, within reason. I'm sure the EU, and the countries that comprise the EU have laws regarding extortion, just as does the United States. I contend the EU, in endeavoring to enforce it's competitive point of view, not only within the EU boundaries, but to impose its view globally, beyond the EU's legal borders ... is guilty under United States Laws of Extortion.
I would further argue, the EU Commission is out of control, in attacking Intel (INTC), Hewlett Packard (HPQ), Apple Inc (AAPL) and I wonder where our government is? If you read EU Comissioner Nellie Kroes ststement regarding the Microsoft fine, she repeatedly refers to the "world" not to the EU. Excuse me, but, the last time I read thru the US Constitution ... there was nothing in there about the EU having authority to set royalty rates in the US of A, nothing about the EU being duly elected to represent any US citizen in the US of A, sooooo, why isn't our government representing us and telling the EU Commissioner Nellie Kroes she overstepped the limits of her authority? Anyone?
We aren't just stockholders, we are also CONSUMERS. They way I see it, the EU needs us a whole lot more than we need them. We, simply, have to educate the EU we aren't just stockholders, but also Consumers, and that fines are theft from AMERICAN STOCKHOLDERS, and that the unending, unceasing, harrassment of American companies has to stop. Amazingly, the EU gives us a website to express our concerns:
which goes to the European Commission, Europe Direct mailbox. The US DOJ as gotten Microsoft to comply without the fines. I'm certain the EU can do the same without the extortion. Please send the EU a hello from me.