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
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.
quote: Intel has earned well over 250 Billion in revenue since 1999 - if AMD were to even get an integer percentage of that
quote: That aside, there's the moral satisfaction and vindication that your struggles over the last 30 years have been, at least in part, attributable to your competitor stealing from you by bribing your customers.
quote: Nothing against Intel , but the 1.5B plus 1.25B paid to AMD comes nowhere near the extra profits driven by (relatively) higher prices they've created through their illegal behaviour.
quote: I'm curious. Since we know at the time AMD's production lines were already maxed out, and they could barely deliver product for what demand they had. How were they going to make billions more in OEM sales if they couldn't meet demand ??
quote: Completely unfounded and unproven statement. And since they didn't go to trial, you sure as hell can't state this with utter certainty.
quote: Right, nothing against INtel, but AGAIN you slander their name with unproven accusations. Also you fail in understanding economics, Intel didn't create prices, the market did. What's rule number 1 ? A good price is one that the consumer is willing to pay.