Microsoft (NASDAQ:MSFT) Gets $731 Million Fine by EU Watchdogs for Violating Browser Pact Conditions – MSFT, IBM, ORCL, RHT

The Redmond, Washington-based Microsoft Corporation (NASDAQ:MSFT) was fined 561 million Euros or $731 million by European Union watchdogs for violating the provisions of a deal to offer users a choice of web browsers aside from its Internet Explorer.

Fine by EU regulators, almost 1% of the world’s biggest software maker’s 2012 revenues, brings to 2.24 billion Euros the penalties imposed on Microsoft in its EU antitrust clashes over the previous decade, comprising an initial 899 million-euro fine for failing to comply with a verdict to share data with rivals.

In 2009, Microsoft agreed to offer access to other browsers as a part of a deal to repair its relationship with the bloc’s watchdogs.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. International Business Machines Corp. (NYSE:IBM) rose +0.90% to settle at $208.38, Oracle Corporation (NASDAQ:ORCL) moved up +1.13% to end at $35.86 while Red Hat, Inc. (NYSE:RHT) jumped +1.56% to finish at $52.80 on Wednesday.

Microsoft Corporation (NASDAQ:MSFT) on March 06, 2013 decreased -0.92% to the closing price of $28.09. The overall volume in the last trading session was 51.45 million shares. Its fifty two weeks range was $26.26 – $32.95. The total market capitalization remained at $235.29 billion.

MSFT is ahead of its 52-week low with 7.86% and lagging behind from its 52-week high price with -12.19%. MSFT’s last month’s stock price volatility remained 1.37%. In its share capital MSFT has 8.38 billion outstanding shares, among them 7.60 billion shares have been floated in market exchange. MSFT’s stock’s institutional ownership remained 5.10% while insider ownership included 67.20%.

The stock price of MSFT is moving forward from its 20 days moving average with 1.52% and remote positively from 50 days moving average with 3.02%. MSFT’s current year’s earnings per share experienced a downfall of -25.91% while its current quarter performance remained at 6.40%. Company’s beta coefficient included 0.94. Beta factors measure the amount of market risk associated with market trade.

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