Word: intel
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Dates: during 2000-2009
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...second concerned payments to prevent firms from designing hardware around AMD chips: Intel paid PC makers to delay or scrap the launch of new computers containing their rival's products. "Intel limited consumer choice and stifled innovation by preventing innovative products for which there was a consumer demand from reaching end customers," the Commission said...
...Intel responded by announcing it would appeal in the E.U.'s courts. "We believe the decision is wrong and ignores the reality of a highly competitive microprocessor market," Intel chief executive Paul Otellini said. "There has been absolutely zero harm to consumers. Intel will appeal...
...While Intel does not deny its rebate program, it argues that consumers were more helped than hurt from a price perspective. "Regulations should not prevent one company, no matter how large that company is, from offering discounts or providing incentives," said Intel General Counsel Bruce Sewell. He also noted that AMD, "the sole complainant in this case, is alive, healthy, and claims to be expanding its business...
...However, European consumer group BEUC says Intel has wrought enough damage to warrant a collective court action for compensation. "Consumer choice is the heartbeat of a competitive economy," BEUC Director General Monique Goyens said in a statement. "Intel should be liable to compensate the victims of its illegal practices. Consumers have been paying too much for their computers and they should be compensated...
...Intel's fine is the largest ever by the Commission, dwarfing the previous record of $675 million (at current exchange rate) on Microsoft in 2004. However, the Microsoft fines grew to $1.16 billion last year because the software giant failed to comply with the original 2004 ruling. (See pictures of the dangers of printing money in Germany...