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Originally Posted by Quite Irate BUT, in the meantime Microsoft has been defying antitrust regulations, theoretically upping their revenue considerably. While the profit couldn't be anywhere near the amount of the imposed fine, it's a long term move. Even if you have to take a loss, crushing competition effectively may be worth the hit. Plus, the loss will undoubtedly become a tax write off once Microsoft's lawyers are done with it. They'll need to amortize it over years, but the fine will go away, slowly. |
And they knew'd they'd lose it. I've worked with Microsoft CFO/Treasury team in both an investment banking and capital markets capacity...
and these folks are genius with exposure... as they should be. Better than most small to medium sized countries (seriously, I kid you not). I'm sure they were ahead of the curve, for one, on Euro/dollar spot/forward rates... much less securitizing for this expected decision... stretch it, write on the books when/where needed. Curious what the EU is doing with the money... is it going to the alleged competition?
This is more about anti-monopoly vs. fair trade... come on Windows Media Player... who is losing out on that ... and how important is that? Multimedia players/codecs???? Like a competitor to Notepad suing... because basic text editors are bundled in the O/S... squashing out competition.