Americans generally do the right thing, after first exhausting all the available alternatives - Winston Spencer Churchill
CHIPMAKER Intel said European Union (EU) antitrust regulators used "profoundly inadequate" evidence in its case against the company that ended with Intel receiving a $1.33bn fine.
Intel was judged by the EU to have hindered AMD's chances in the chip market by offering favourable deals to computer manufacturers, leading to Intel being handed a $1.33bn fine. Intel has appealed that decision and said the EU used "profoundly inadequate" evidence in its antitrust case against the chipmaker.
European Union regulators spent the best part of a decade building an antitrust case against Intel, which has already been fined for similar actions by the US Department of Justice, with AMD receiving a one-off payment. However Intel attorney Nicholas Green told the court, "The quality of evidence relied on by the Commission is profoundly inadequate. The analysis is hopelessly and irretrievably defective. [...] The [European] Commission's case turns on what customers' subjective understanding is."
Intel has received some support from the European Ombudsman, which said that the Commission had procedural errors in its investigation. While the Ombudsman's report gives Intel some ammunition it is not dispositive or legally binding.
Intel is seeking to overturn one of the largest corporate fines ever levied by the EU antitrust regulators, which amounted to 4.15 per cent of its 2008 revenues. µ
Sign up for INQbot – a weekly roundup of the best from the INQ