Thursday, July 23rd 2009
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
Excellent marketing on Intels part, and your point is so very true rhino.
You know, as they've already been convicted twice of doing, once in Japan, and once in the EU.
but to be real, that is one heck of a fine, i wonder where that number actually came from.
At least in theory.Didn't even know about Korea -- when was that?
The agreement was Intel lowers its prices on chips sold to companies that will not use AMD processors in their machines. It was never:
The backroom threats that were made were apparently quite different, I'd think.
Lets all just stick to facts and what's known instead of applying mafioso exaggerations onto things to improve our own point.
Exclusivity is what all companies shoot for. Its called gaining market share by being attractive to your customer's needs.
Come on -- it's not like the EU is calling for the breakup or expulsion on Intel. It's just a fine.
You want to do business in the EU, you gotta play by their rules. I don't see Intel pulling out of the market, so to me that means they agree.Oh, I know. I was just being nice.
Also Russia is in Europe which has the worst problems with bribery the whole world over. Please read more about the situation before posting.
PS. Taking people out to dinner to discuss business is not against the law in any country Intel operates in and that includes Europe so I am not sure what you are getting at.
but back to intel, what crime did they commit in europe? last i checked, giving rebates was a good thing.
as for the comment about amd's advertisement being non existent, i 110% agree with that, I have never seen one of their ads other than on the internet. and ya, i can hum that intel tune (5 tones)
with all of that said, i like AMD more than i do Intel just because I pull for the underdog most of the time.
Also you are talking about the republican political party leaders as they have deep connections to the military industrial complex. The US currently has Obama which has banking connections, not military connections. So its irrelevant as it has nothing to do with business practices regarding the European Union.
If you just want to poke the USA I think you need to make another thread as it has nothing to do with the EU case currently being reported on. But if it helps you cope with justifying the theft of billions from a companies coffers to have EU parlament have better vacations or money for local pork(free money for their connections) in a failing world economy, go for it. :laugh:
I think the EU is wasting time and coming up with things to try and make you not notice that they are not doing their job of making your economies recover. But you could always pretend that they are doing the right thing to comfort yourself.
ec.europa.eu/competition/news_archive.html
Look through the news archive and you'll find that the 1bn euro fine isnt even the biggest handed out. Theres a €1.3 billion ruling and there are multiple fines above €500mn.
It's as legit an antitrust trust case as the 100s that may have been contested in American courts, only maintaining a lower profile, involving smaller companies.