Intel Fighting EU Fine Of $1.4 Billion, From 2009

Intel Fighting EU Fine Of $1.4 Billion, From 2009

There's being late, and then there's this. Intel has just appealed a record-setting $1.45 billion antitrust fine that it was hit with a little while back. And when we say "little while," we mean "2009." Three years later, the company is fighting back. Over in Europe, the company recently bucked back in a bid to have the fine overturned. The story is this: the European Commission nailed Intel in '09 for "hindering AMD" after an 8-year investigation. It was the biggest fine ever placed on a single company, and now a panel of five judges at the General Court in Luxembourg will hear arguments from both sides.

Intel's argument is that the EU "didn't have sufficient evidence of any wrongdoing by Intel and relied too much on subjective comments by the company's customers," but lawyers for the EU are suggesting that rebates from Intel to Dell, HP, NEC and Lenovo are at the heart of the antitrust issue." Commission lawyer Nicholas Khan said: "These kind of rebates can only be intended to tie customers and put competitors in an unfavorable position."


Will Intel actually be forced to pay up? Something tells us its shareholders have their fingers crossed for one particular answer...
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The Intel boys need to take their medicine and pay up, now. This is a company that breaks every rule and even when they are caught red handed as in this case (and many others) is tying to backdoor deal their way out. We need to set up a regulatory agency just to watchdog this company.

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I have to agree with rwaƂesa here ; I hope the General Court will uphold the EU Commission's fine and add interest charges at a sufficient rate to convince Intel officers that delaying tactics in matters of this type do not constitute a valid business model....

Henri

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