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
Anyway nothing Intel did had to do with anti-trust laws of the U.S. The EU rewrites the rules as they go to suit their crooked ass needs. Intel is now an "easy" target because the EU found them "guilty" of whatever made up scenario they conjured up. So yeah since everyone is now broke you are going to see a LOT of lawsuits towards the guy with the deepest pockets. All in the name of "justice". After all we need to make sure everyone is "equal" :laugh:
They are the most socialistic minded states in the union. So I'm not surprised NY is suing Intel for having to much money. I'm more surprised California isn't involved.
Anyway the USFTC has to investigate now. I won't go into that. That will completely derail this thread. ;)
said by an AMD fanboi lol.
on another note, does anyone know why AMD's marketing is non-existant? Like said, publically, intel is known just bout everywhere and is everywhere. AMD however is the opposite. I don't see anythign wrong with AMD taking over ATI, i mean they're doing fine now and who knows what K11 will do? Nehalem really isn't that much of an increase of core2 architecture and AMD finally caught up with that. maybe their next architecture will match nehalem, if they had enough money to come up with Phenom II's architecture, surely the revenue which has been superior this past year and still growing can pay for more work on a greater CPU architecture. I see now reason now for ATI to fail as they're on par with Nvidia imo(not necessarily performance wise but how well off they are, i believe they're equal).
Also never EVER underestimate the power of marketing. What do you think presidential campaigns are won with?
Intel is at 61: 37.586 billion in revenue.
AMD is at 481: 5.881 billion in revenue.
Intel made 6.39 times more than AMD in 2008.
Market capitalization represents the public's opinion of a businesses' net worth. Said differently...
Intel makes 6.39 times as much as AMD. Investors are 45.33 times more confident in Intel than AMD.
Advertising is an investment AMD refuses to make. Every dollar spent in advertising should more than come back in improved sales. AMD has their head stuck in this concept of "the product sells itself." Simply put, that concept has never created a market segment leader.
That said, I know I'm just hoping against hope.
Think of the world market as a pack of starving sharks swimming. Intel is a pretty big shark and it ain't starving. However another big starving shark E.U. just bit it. Now there's blood in the water. What do you think all the other sharks are going to do? Its a feeding frenzy on Intel's ass.......ets. Now what I'm saying is Intel didn't deserve to be bit. However its to late now. There's blood in the water and everyone wants a bite whether the deserve it or not.
Please do not see rebates as a rebate that you get back from newegg, but see them as a transfer of funds; a sum of money.