Redmond, Wash. -- Microsoft Corp. will appeal the $1.38 billion fine imposed by the European Commission in February, the company said Friday.
The company was seeking to reverse the decision, which resulted in the largest fine ever imposed by the European Commission, The Wall Street Journal reported.
Microsoft called the appeal "a constructive effort to seek clarity from the court."
The fine was imposed when the European Commission decided Microsoft had not complied with a March 2004 antitrust ruling for 488 days.
The commission ruled that, as the dominant player in the software industry, Microsoft had an obligation the reveal codes that would allow other companies to work with their system.
The original suit was filed on behalf of Sun Microsystems, Inc.
One of the beneficiaries of the TorrentSpy shut down has been the Motion Picture Association of America. In a final ruling that ran into four pages, U.S. District Court Judge Florence-Marie Cooper on Wednesday ordered TorrentSpy to pay the MPAA $110 million for copyright infringement issues related to TV shows and films numbering in the thousands, approximately 3,700 in all.
Chicago -- The future of wireless communication may have its start this year in Chicago, industry observers said.
The service known as WiMax can roll television broadcasts, phone service, Internet connections and other data transmissions into one high-speed pipeline.
WiMax was given a corporate push Wednesday, when Sprint Nextel Corp. and Clearwire Corp, put together a $14.5 billion partnership involving $3.2 billion in investments from Google Inc., Comcast Corp., Intel and Time Cable Inc.
Regional tests of the system could begin in Chicago, Baltimore and Washington by year's end, the Chicago Tribune reported Friday.
Chicago may see WiMax first as it is close to the home of equipment supplier Motorola Inc., the newspaper said. Clearwire expects the system could go national by 2010.
You don't even have to read beyond the headline of wireless chipmaker RF Micro Devices ' (Nasdaq: RFMD) fiscal fourth-quarter earnings report to see that things haven't been getting better lately. Last quarter, my investing antennae snapped to attention when the report opened with the announcement of a stock buyback. This time, news of a significant restructuring at the company sent my warning sensors into overdrive.
Cambridge, Mass. -- A team of Massachusetts Institute of Technology students are building a prototype power concentrator that they say might revolutionize the solar energy field.
Led by MIT mechanical engineering graduate student Spencer Ahrens, the team is assembling a 12-foot-square mirrored dish capable of concentrating sunlight by a factor of 1,000. But it's being built from simple, inexpensive industrial materials selected for price, durability and ease of assembly rather than for optimum performance.
Ahrens said the goal is to make a dish that, in mass production, can be competitive in cost with other energy sources and produce heat for space heating and electric power at the same time.
"The technical challenge here is to make it simple," Ahrens said. "We're using all commodity materials that are all in high production."
Overland Park, Kan. -- U.S. telecommunications giant Sprint Nextel and Internet service Clearwire are close to announcing a joint WiMax venture, sources said Wednesday.
The project of creating a high-speed wireless Internet service for cell phones and laptop computers is valued at about $12 billion, The Washington Post reported.
Internet and telecommunications giants Google, Intel, Time Warner and Comcast are providing $3.2 billion to get the venture on its feet, the report said.
Sprint would own 51 percent of the business, which would be run by Clearwire's Chief Executive Officer Benjamin Wolff, the source said.
The new company will be called Clearwire and have its headquarters in Kirkland, Wash., the source said.
The companies may announce the deal this week, the Post reported.
Microsoft (Nasdaq: MSFT) was bold enough to walk out on Microhoo. Will it be brave enough to bail on its Zune, as well?
No, Mr. Softy isn't ready to throw in the towel on its portable media player just yet. The company has recently started selling television show episodes and broadened the social-sharing functionality of the devices.
Disclaimer: The views and investment tips expressed by investment experts on themoneytimes.com are their own, and not that of the website or its management. TheMoneyTimes advises users to check with certified experts before taking any investment decision.