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Desmond
15-05-2009, 03:03 PM
EC: Intel 'abused dominant position' vs AMD; fined record $1.45 billion in antitrust case (http://blogs.zdnet.com/BTL/?p=17884)

The European Commission on Wednesday fined Intel a record €1.06 billion, or about $1.446 billion, for abusing its dominance in the computer chip market to exclude longtime rival AMD. (techmeme)

The move comes just a day after Intel CEO Paul Otellini was reported to say that chip orders for Q2 2009 have been “a little better than we expected” and refused to comment on the antitrust case.

The E.U. competition commissioner, Neelie Kroes, said the penalty against the world’s largest chip maker was justified because the company had skewed competition and robbed consumers of choice.

Kroes said Intel “used illegal anticompetitive practices to exclude its only competitor and reduce consumers’ choice — and the whole story is about consumers,” adding that Intel’s practices “undermined innovation.”

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ElevatorEscapee
22-05-2009, 09:52 PM
What happens to the money they were fined? (assuming they have paid it) :)