IBM Deals With EU Complaint, Insider Trading Settlement

“It’s going to be a very busy week in IBM’s legal department. It
has been accused of antitrust activities by a French software
company and an executive caught in an insider trading scandal may
be close to settling his case.

“TurboHercules, a provider of mainframe emulator software in
Paris, France, filed an antitrust complaint with EU regulators on
Tuesday, charging IBM (NYSE: IBM) with refusing to license its
mainframe operating system for use with TurboHercules’s mainframe
emulator.

“”IBM is preventing customers from using Hercules
[TurboHercules’ open-source software] by tying IBM’s mainframe
operating system with IBM hardware,” Roger Bowler, TurboHercules
chairman, said in a statement, quoted by Reuters.”

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