Intel Corporation (INTC) Displeased with Antitrust Regulators’ Decision

Intel Corporation (NASDAQ:INTC) has been fined €1.06 bln ($1.4 bln) for breaching the antitrust law in 2009. The world’s biggest chip-maker requested EU’s top court to review the decision against its bid to eradicate the fine, Bloomberg reported on Thursday.

The company had been accused of giving rebates in part or in full to the computer manufacturers if they would have bought all, or almost all, their x86 central processing units (CPUs). Also, Intel Corporation (NASDAQ:INTC) is said to have been making payments to computer manufacturers in order to hinder the release of products containing competitors’ x86 CPUs and to limit the channels through which those products were supposed to be commercialized. The company to suffer most from these illicit activities was Advanced Micro Devices Inc. (NYSE:AMD).

IntelLogo

Intel Corporation (NASDAQ:INTC) claims that legal errors were present in the decision making process regarding the case. There is no evidence upon a formally registered filing from the chip-maker colossus. However, their struggle to throw out the financial burden imposed will be a notably difficult one, because EU antitrust regulators have a two decade history of solely won cases at Luxembourg-based courts.

The decision regarding Intel Corporation (NASDAQ:INTC)’s fine was based on the scale of the market involved (Global) and on a pattern of consistent Court jurisprudence cases, among which: Case 85/76 Hoffmann-La Roche Commission, Case T-203/01 Michelin Commission, Case C-95/04British Airways Commission, Joined Cases T-24/93 and others, Compagnie Maritime Belge v Commission and Case T-228/97, Irish Sugar.

The details upon the first decision regarding the case can be found in European Commission – MEMO/14/416   12/06/2014 on their website and what can be directly observed is that the General Court has fully confirmed the Commission’s findings, including the evidence and the amount of the fine. One way or the other, a consensus must be reached and if the wrongdoings are further confirmed, the punishment must be accepted with diligence for the common good.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!