Monday, October 26th 2009

Now US Inclines to Fine Intel for Antitrust Malpractice

Trailing the European Union's record 1.45 Billion Dollar penalty against silicon giant Intel for antitrust malpractice in Europe, American antitrust regulators are on the verge of filing their own set of charges against the company, emanating out of similar findings of investigations carried out by the Federal Trade Commission (FTC). Sources tell BusinessDay that three out of four commissioners on the FTC were in favor of filing a complaint against Intel. FTC's own inquiry opened in June, last year. It could be a matter of weeks, or even months before a vote formalizing FTC's stand on the issue happens.

"Our business practices are lawful and [work] to the benefit of consumers," said Intel spokesperson Chuck Mulloy, in response to the BusinessDay report. "We certainly have been working closely with the FTC as they conduct their investigation. We would hope that the speculation is incorrect ," he added. The US antitrust investigation follows similar investigations that have concluded against the favor of Intel, by the European Union, South Korea, and Japan. Japan's trade commission concluded in 2005 that Intel violated the country's anti-monopoly act. In June last year, South Korea fined Intel about $26m, finding it offered rebates to PC makers in return for not buying AMD microprocessors. EU's investigations yielded similar findings, where the company was fined 1.06 Billion EUR for paying computer makers to postpone or cancel products that use microprocessors made by smaller competitor AMD.
Source: BusinessDay
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129 Comments on Now US Inclines to Fine Intel for Antitrust Malpractice

#126
allen337
If any of us had the money Intel has we would laugh all the way to the bank,then, ask them if they want any cheese with that wine they have.
Posted on Reply
#127
mdm-adph
allen337If any of us had the money Intel has we would laugh all the way to the bank,then, ask them if they want any cheese with that wine they have.
Intel is not a person. It has no money, and other than in the US (and perhaps Japan), it has very little in the way of rights. :laugh: It can be killed off, stripped of its charter, all at the whim of various Ministries and Departments of Commerce. It exists solely at the whim of the people.

It's about time someone reminded its executives of that.
Posted on Reply
#128
allen337
mdm-adphIntel is not a person. It has no money, and other than in the US (and perhaps Japan), it has very little in the way of rights. :laugh: It can be killed off, stripped of its charter, all at the whim of various Ministries and Departments of Commerce. It exists solely at the whim of the people.

It's about time someone reminded its executives of that.
Tell that to obama
Posted on Reply
#129
mdm-adph
allen337Tell that to obama
Yo mama?

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Just as relevant to discussion.
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