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Technology Stocks : How high will Microsoft fly?
MSFT 470.72-1.4%Jan 13 3:59 PM EST

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To: Al Bearse who started this subject11/25/2001 3:33:48 PM
From: dybdahl  Read Replies (1) of 74651
 
EU Commission imposes record EUR 855 million fine on vitamin cartel

eubusiness.com

The commission fined Roche 462 million euros and BASF 296 million for their participation in a conspiracy to fix the price for some highly popular vitamins.

Members of the vitamin cartel, which was active worldwide for 10 years, have already been hit with heavy fines in the United States, and some company directors have been given prison sentences.

Roche was fined 500 million dollars in May 1999, BASF ordered to pay 225 million dollars, and the cartel also agreed to pay more than one billion dollars in damages to US clients.

Monti told journalists that criminal penalties should not be expected in Europe in the near future.

"There is more progress to be made" in anti-trust legislation before courts could consider handing down jail terms, he said.

Microsoft should worry.
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