Monday, June 02, 2008

Rumors of EU decision on Intel case

Rumors have been rampant about an imminent decision by the European Union on their investigation of Intel concerning the use of rebates to dominate the chip market.
If Financial Times Deutschland is correctly informed, EU antitrust commissioner Neelie Kroes' sentence on Intel in the ongoing antitrust case is almost completed. The sentence will only be published in late summer, but Intel can expect a high fine, the paper writes.
The EU described the report as "misleading" and said the investigation is ongoing.

If there is a finding against Intel, the fines could be huge (up to 10% of annual revenue), but we can also assume there would be lengthy appeals.

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