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Intel says it plans to pay the fine and get the money back if it wins on appeal

The largest chipmaker on the planet -- Intel -- has appealed the EU ruling that fined it $1.45 billion for antitrust allegations. The massive fine is the largest ever imposed on a company by the EU and stemmed from what the EU calls abuse of its market dominant position against AMD.

The huge charge forced Intel to report a loss for the second quarter of 2009 after posting numbers that were higher than what Wall Street expected. Intel spokesman Chuck Malloy said, "Our position is that the decision was wrong and we said that from the day it was announced. It was wrong on many levels."

Mulloy also said that Intel plans to pay the fine and if it wins on appeal, it will get the money back from the EU. A spokesman for the European Commission said that the body "is confident that its antitrust decision against Intel is legally watertight."

Reuters quotes Intel spokesman Robert Manetta saying, "We believe the European Commission misinterpreted some evidence and ignored other pieces of evidence."

The fine was levied against Intel after an eight-year investigation concluded. Some analysts believe that the EU ruling could pressure American legal agencies to take action against Intel. Reuters reports that the FTC and the New York attorney general's office are both investigating Intel.

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RE: Give up, Intel
By Crank the Planet on 7/24/2009 2:00:42 PM , Rating: 3
As it had been mentioned the investigation has taken 8 years. I have worked in the industry in the U.S. and have seen firsthand how Intel has used their position to strong arm companies like Dell and others to only make computers or the vast majority of their computers with Intel chips. They would either threaten to cut them off completely or they would offer very lucrative kickbacks. Intel has done this repeatedly in Europe and Asia as well for years. I've always wondered how they have gotten away with it.
They started doing this during K6 and went overboard with it when K7 came out. If they didn't do this all over the world then AMD would have crushed Intel as a company. Intel had nothing to offer back then accept "Netburst." LOL I remember them telling us how it will give us a "richer internet experience." LMAO!!!

The fine is a bit of overkill but I think it's justice. Now Intel will be forced to play nice and if they want to beat AMD so bad they will have to do it with a better product which right now they have. I can't wait for AMD to come out with a graphics core and CPU on the same die. I just hope they stay around. It looks like they company is finally turning the corner of the ATI purchase.

"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
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