Printed from http://www.electronista.com

EU steps toward fining Intel in antitrust case

updated 07:45 pm EDT, Wed April 22, 2009

EU set to fine Intel

The European Union has prepared a draft decision in an ongoing antitrust case against Intel that appears to be approaching completion, according to the Wall Street Journal. Unnamed sources familiar with the matter claim the EU will seek a fine against the company, although the draft can be modified as it continues through the process.

The case involves conflict with the company's competitor, AMD, in the European market. The UE asserts that Intel planned to oust AMD from the market by undercutting prices and providing incentives to vendors for removing AMD-based systems from their inventories. Intel claims the payments were part of a standard discount program and the retailer incentives simply involved getting better placement on store shelves.

Intel requested to have the case delayed, claiming more time was needed to obtain documents from AMD that allegedly prove its actions were misrepresented. Seven documents were produced, but the European Commission denied access to additional materials. The company was recently denied an oral hearing after failing to provide a response for seven months since the case was initiated.

A final ruling requires approval from the European Commission, which could come as early as next month. The exact amount of the fines remains unknown, although the antitrust ruling has the potential to demand up to ten percent of the company's annual earnings.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News