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Brussels (pte046/24.05.2005/15:57) - Microsoft Corp http://www.microsoft.com has received a deadline - 1st June - from the European Union to comply with its antitrust order or deal with punitive sanctions.
The ongoing disagreement had EU antitrust regulators fine Microsoft 497 million euros last year, ruling that the software company dominated the Windows software market too aggressively and barred competitors from the market.
Microsoft is required by EU law to share its Windows server code with rivals to make the industry more competitive.
EU Commission spokesman Jonathan Todd said: "We will take stock after the end of the month." Microsoft could be fined up to 5 percent of its daily global sales for each procrastinated day.
Bill Gate's company has acknowledged the deadline and says that it will work towards a solution that will suit both bodies.
So far, however the EU has not been pleased with Microsoft's action in allowing a competitive market.
Monday trading saw Microsoft shares rise 11 cents to close at $25.85 on the Nasdaq Stock Market.
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