Intel Responds to EU Charges With Demands of Its Own
January 7, 2008 11:43 PM
comment(s) - last by
Intel insists its innocence as it responds to antitrust allegations from the European Union
Intel revels in the glory of being the CPU industry leader, at least for the time being. However, like many industry leaders, they have found themselves the primary target of the crosshairs of criticism. Further, as with any company that is dominating the market, allegations of antitrust violations become a serious threat to the company worldwide.
said Intel's anti-competitive practices
established a monopoly in the microprocessor market. AMD then sued Intel in U.S. courts in June of 2005. The company since mounted a long-standing legal battle that included ads in major newspapers and the
a website chastising Intel who it portrays as sinister and monopolistic
AMD received an ally in the form of the European Union. In July 2007, it announced that based on evidence collected in a multi year investigation, including materials found in a June 2005 raid of European Intel offices, it was
filing charges against Intel for engaging in anticompetitive practices
senior vice president and general counsel Bruce Sewell
issued a carefully worded statement soon after
, firmly insisting his belief that Intel was innocent of wrongdoing in the European market.
The charges were supposed to receive a formal response from Intel by October 8, but the EU showed a bit of mercy, extending Intel's window to respond to January 4.
Last week the European Union
granted Intel another small measure of leniency
, allowing it to file the response to be filed on Monday January 7, instead of Friday, as dictated by the previous extension.
At last Intel issued a response to the European Union and
telling the Union to "bring it on."
Intel's formal written response to the EU states not only its innocence, but also challenges EU regulators to hold a hearing to evaluate claims that it illegally used rebates to seize sales from AMD.
Despite Intel's feisty tone, Washington based antitrust lawyer David Balto, a
former U.S. Federal Trade Commission policy director,
stated that Intel faces a nearly impossible challenge in proving its innocence to the EU. He explains, "
Intel is going to have a really significant challenge in the proceedings before the EU. The EU is much more sensitive to the long-term competition effects by dominant firms and much less ready to accept simple snapshots of a company's conduct."
As per EU regulations Intel may be fined up to 10 percent of its annual sales for antitrust violations. Microsoft initially tried to argue against the EU when it was hit with similar charges and the end result was a
painful $690M USD fine
. Intel has even more to lose as it is constantly price cutting to stay competitive and has smaller profit margins, which
force it to engage in yearly layoffs
Intel is also under investigation in South Korea and Japan
in these nations.
This article is over a month old, voting and posting comments is disabled
1/11/2008 3:45:58 AM
Instead of screaming xenophobic mantras about apparently corrupt European rulings, why don't you do some of your own investigative journalism and read about what is actually going on?
Some of the allegations are that Intel supposedly punished firms that sold rival AMD products by charging them more or refusing them stock allocation. Even New York's Attorney General Andrew Cuomo is investigating Intel over the same anti-trust laws so it's not just the EU.
I expect this kind of childish naivety from the 15yr old idiots on this board but some of you don't have youth as an adequate excuse
"The whole principle [of censorship] is wrong. It's like demanding that grown men live on skim milk because the baby can't have steak." -- Robert Heinlein
Intel to Cut 10 Percent of IT Staff
September 24, 2007, 2:47 PM
Microsoft Loses $690M EU Antitrust Appeal
September 17, 2007, 8:36 AM
South Korea FTC Intel Probe Concludes, Sanction Decisions Impending
September 11, 2007, 4:12 PM
DailyTech Digest: AMD Breaks Free
August 10, 2007, 12:05 PM
Report: Intel Reaped $60 Billion in Monopoly Profits
August 5, 2007, 3:18 PM
Samsung Adds 2 TB 850 EVO, PRO SSDs for $800, $1000
July 7, 2015, 4:23 PM
Seagate Senior Researcher: Heat Can Kill Data on Stored SSDs
May 13, 2015, 2:49 PM
How to Recover Most Apps After Your NVIDIA Driver Crashes in Windows 10
March 30, 2015, 12:54 PM
Tinkerer Gets Old School Mac Plus Running on the Modern Web
March 24, 2015, 6:41 PM
Facebook-Backed Oculus Rift's Release Date Slips to 2016; Valve and HTC Salivate
March 16, 2015, 5:58 PM
Hackers Steal Roughly $1 Billion From Banks Using Malware RAT
February 17, 2015, 9:30 AM
Most Popular Articles
Future of Lumia Uncertain as Microsoft Lays Off 2,300, Closes 1 of 3 Finnish Offices
August 24, 2015, 6:14 PM
Kentucky Man Faces up to 10 Years in Prison for Shooting Drone Trespasser
August 13, 2015, 2:58 PM
Microsoft's Windows 10 Leaves Lumia 530 Behind w/ 8 GB Storage Requirement
August 25, 2015, 4:02 PM
Aluminum 7003, Used in Roofing, May be Tapped by Apple for iPhone 6S/6S+
August 24, 2015, 4:45 PM
Samsung Gear S2 Borrows Circular Icons From Apple Watch
August 21, 2015, 2:48 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information