Intel and U.S. Federal Trade Commission Reach Tentative Settlement

[btarunr]

Intel and the Federal Trade Commission (FTC) have reached a tentative settlement in the antitrust suit filed by the Commission December 16. The FTC sued Intel alleging Intel had violated Section 5 of the FTC Act. The settlement agreement expressly states that Intel does not admit either any violation of law or that the facts alleged in the complaint are true. The agreement approved today by the Commission is subject to a 30 day public comment period and final approval by the Commission.

"This agreement provides a framework that will allow us to continue to compete and to provide our customers the best possible products at the best prices," said Doug Melamed, Intel senior vice president and general counsel. "The settlement enables us to put an end to the expense and distraction of the FTC litigation."

A copy of the agreement can be found here.

View at TechPowerUp Main Site

 

[TheMailMan78]

I predicted this a while back. Glad to see Intel gave them their bribe so they can get back to work now.

 

[IceCreamBarr]

This is BS! I can't believe a governmental agency would allow a legal case of this stature to begin and not finish it conclusively regardless of the outcome.

 

[WhiteLotus]

Depends on how much this settlement is. For all we know it might even be close to what they were originally suing them for.

 

[wiak]

http://games.venturebeat.com/2010/08/04/ftc-spells-out-antitrust-settlement-with-intel/

“The settlement enables us to put an end to the expense and distraction of the FTC litigation.” <- intel realy spins this 360, this proves that intel is doing evil things

 

[gonzominium]

This is BS! I can't believe a governmental agency would allow a legal case of this stature to begin and not finish it conclusively regardless of the outcome.

Yeah because our government is so efficient

 

[shevanel]

GOVT FTW, even when they "LOSE".