Intel says it has nothing to fear from EC investigation

INTEL HAS RESPONDED to the European Commission's decision to investigate its activities in Europe with a statement.

Bruce Sewell, senior vice president and general counsel, says the firm reckons the microprocessor market segment "is functioning normally and that Intel's conduct has been lawful, pro-competitive, and beneficial to consumers."

It moans about the "cost and inconvenience" of having to defend itself against the allegations made by its mysterious, un-named "primary competitor".

"The case is based on complaints from a direct competitor rather than customers or consumers, Sewell argues. "The Commission has an obligation to investigate those complaints. However, a Statement of Objections contains only preliminary allegations and does not itself amount to a finding that there has been a violation of European Union law," he said.

"The evidence that this industry is fiercely competitive and working is compelling. When competitors perform and execute the market rewards them. When they falter and under-perform the market responds accordingly,” he blithered.

Meanwhile a pretty chuffed competitor, AMD, reckons the EC's move is, "a moment of truth for the entire IT industry."

Giuliano Meroni, President AMD for Europe, Middle East and Africa (EMEA)said the European Commission "is serious about ending Intel's abuse of its dominant position in the global microprocessor market.

“We are confident that this Statement of Objections will be a catalyst in opening the global microprocessor markets for the benefit of consumers and PC companies alike,” he warbled. µ

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