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Intel, AMD kiss and make up

Intel and AMD have been involved in long-standing dispute over intellectual property and antitrust issues. Intel was fined $1.45B by the EU for its anticompetitive practices and last week, New York Attorney General Andrew Cuomo filed an antitrust lawsuit against Intel.

Cuomo had rather harsh words for Intel, stating, “Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market. Intel’s actions not only unfairly restricted potential competitors, but also hurt average consumers who were robbed of better products and lower prices.”

However, Intel and AMD now appear to be making amends. The pair issued a joint statement today which reads, “While the relationship between the two companies has been difficult in the past, this agreement ends the legal disputes and enables the companies to focus all of our efforts on product innovation and development.”

As a part of the settlement, Intel will pay AMD $1.25 billion, AMD will drop all of its pending lawsuits against Intel, and the pair will enter into a new 5-year cross license agreement. In addition, Intel will "abide by a set of business practice provisions" in the future.

AMD CEO Dirk Meyer today championed the agreement, stating, "Today, I am pleased to announce the last major component of that transformation – in the form of a transparent and public agreement with Intel to create a level playing field in the x86 processor industry – taking us one big step closer to achieving our bold vision."

Meyer continued, adding, "Today marks the beginning of a new era... one that confirms that the game has changed for AMD. It is an important milestone for us, for our customers, our partners, and most important – for consumers and businesses worldwide. In addition, it represents the culmination many years of litigation and regulatory engagement."

Following the announcement, AMD shares are up 25 percent to $6.61 while Intel is up almost a percentage point to $20.05 as of 10:00 AM EST.

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Screw the layers
By armagedon on 11/12/2009 9:58:15 AM , Rating: 2
That's a good news. I prefer that all that cash go in AMD pocket then to all those layers probably you still need them to ratify the details of the agreement though.

RE: Screw the layers
By Vengor on 11/12/2009 10:05:52 AM , Rating: 2
maybe now they can refine the 5800 series.

RE: Screw the layers
By LRonaldHubbs on 11/12/2009 3:54:14 PM , Rating: 3
Please explain.

RE: Screw the layers
By mmatis on 11/12/2009 11:43:45 AM , Rating: 1
Watch out about bad-mouthing them layers, or they'll sic their lawyers on you!

RE: Screw the layers
By johnsonx on 11/12/2009 12:52:48 PM , Rating: 2
I was going to explain the difference between layers and lawyers, how one whores themselves out for money doing the bidding of others, and the other whores themselves out.... wait, now I'm confused too...

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