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EU: Intel braced for massive antitrust fine
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Added by
apesphere on 11 May 2009
From: www.ft.com
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| Image courtesy Pylon757 via Flickr |
The FT reports that Intel faces a fine of over one billion euros ($1.36 billion) this week for anti-competitive marketing practices.
The practices in question concerned offering PC manufacturers illegal rebates for using Intel chips, effectively cutting rival AMD out of the market. The company is also accused of agreeing with a major European retailer to provide rebates in return for the retailer only stocking personal computers containing Intel chips.
European Commissioners meet Wednesday to decide how to proceed against Intel.
Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services
Julie Nelson 

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