Thursday, July 23rd 2009
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Intel Appeals Against EU Antitrust Verdict
Earlier this year in May, the European Commission for anti-competitive practices found Intel guilty of various antitrust practices. The company was then slapped with a massive 1.06 billion Euro (US $1.45 billion) fine, the single largest antitrust fine it has ever meted out to a company. On Wednesday, Intel explored its legal option of appealing against the fine with Court of First Instance in Luxembourg, Europe's second highest judicial body. The company argues that the EC regulator failed to consider the evidence that supported Intel's contention during the trial.
In a telephone interview with ComputerWorld, Robert Manetta, an Intel spokesperson said "We believe the Commission misinterpreted some evidence and ignored other pieces of evidence." Meanwhile, apart from the fine Intel is expected to pay within three months of the verdict, the ruling also puts a stop to Intel's rebates to PC manufacturers and retailers on condition of near or total exclusivity, among several other deemed malpractices. Authorities in South Korea and Japan found similar irregularities in Intel's marketing methods, while the U.S. Federal Trade Commission and New York Attorney General's office are investigating the company for abuse of its monopoly position.
Source:
ComputerWorld
In a telephone interview with ComputerWorld, Robert Manetta, an Intel spokesperson said "We believe the Commission misinterpreted some evidence and ignored other pieces of evidence." Meanwhile, apart from the fine Intel is expected to pay within three months of the verdict, the ruling also puts a stop to Intel's rebates to PC manufacturers and retailers on condition of near or total exclusivity, among several other deemed malpractices. Authorities in South Korea and Japan found similar irregularities in Intel's marketing methods, while the U.S. Federal Trade Commission and New York Attorney General's office are investigating the company for abuse of its monopoly position.
307 Comments on Intel Appeals Against EU Antitrust Verdict
I'll begin:
1) Intel isn't going to pull out of Europe, regardless of how much they're fined. You should know that.
2) Intel can appeal all they want -- the world's in a recession. The fine's going to stay.
3) Intel doesn't need a reason to raise prices.
How funny would it be if they did gave this as a reason for prices going up? XD
"Yeah we did stuff that is against the law, they caught us and gave us a fine, so now we ask more money to compensate for the money we lost doing stuff agains the law"
Socialist policies are everywhere in the US as it always has been. You are just persuaded by old propaganda like many in the USA who have failed to do the research.
Current Socialist organizations that have been around for ages:
All public schools, Military, and Police etc.
NHS works fine in other countries so why would the people in the USA be too ignorant to be able to accomplish it. The money is there.... we can fork over any amount of money to destroy life but we are always insisting we don't have the money to take care of the sick and wounded.
Anything government run and not for profit, for the benefit of the people, is a socialist policy. Everybody should be required to learn about politics and finance in school and we won't have this problem.
Its all about money. If the USA had a NHS the many hospitals and doctors would make just a little less while we would make sure the number one growing reason for bankruptsy would completely disappear(healthcare expenses).
Would it mean lower quality care? No. France has the most heavily socialized healthcare system and its always rated the best in every way for many years.
Longer healthier lives are worth more than having enough armaments to destroy the entire world right? If we would take half of the funding we put into killing people better, and put it into taking care of the population we are supposedly protecting. Then we would still have the most powerful military in the world by far. Just look at the statistics and you will find its true.
And still we scream socialism in fear of what we do not understand. Maybe one day the USA will care more about its own people than killing people in other countries for the financial gain of the few.
BTW Intel should not be fined in any way. Its not socialism attacking Intel for money. Its the "EU world government" trying to steal from a productive US company because it wants money to throw around. I believe the EU should be disbanded for taking away rights and adding regulation that takes away attention from much more pressing matters in Europe.
Also, Intel will not really feel any different after paying this fee, for us it may sound a lot, but for them it's not. but u know how greed works... yet, i'm not saying that intel should be fined or any other way around, because i don't think we know all the details to really judge this case. and i really don't understand why u people sit here and act as if u know everything that was going on there. yes, u know some sketchy details from articles, but if u think thats enough for u to make a definitive decision on ur part, then i'm truly sorry for u
a bit off topic, but u r asked for it :) In my view, Obama is not a socialist, like someone already said, he doesn't even act like liberal. catching phrases from TV is the fashion lately, and i understand that, but sometimes u just need to stop and think for yourself. no offense to anyone.
***Lol, Just realized I did use the words "Socialist, money hungry countries". My bad. All countries are money hungry regardless of political affiliation.
*edit* Im not being an intel fanboy when I say that or anything, just the thought of a one brand market seems pathetic. No competition on prices, no variety in systems, etc etc.
Dont call me a fanboy, I clearly explained my reason behind posting such a comment.
Intel knows that it's got people by the balls, and that's what enabled them to make the shady deals excluding AMD from the market in the first place.
I wouldn't be surprised at all if the price of Intel's chips went up soon.
If you like AMD more than Intel I am sure you have your reasons. But there is no reason to get offensive.
I have nothing but scorn for their lawyers, upper management, and accountants.