Intel has to pay within 3 months, whether or not they appeal. The ruling hasn't even been translated into English yet.if they put it off long enough the USD wont be worth suing over.
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Intel has to pay within 3 months, whether or not they appeal. The ruling hasn't even been translated into English yet.if they put it off long enough the USD wont be worth suing over.
if they put it off long enough the USD wont be worth suing over.
Can we see the real charges and evidence please? Selling at a loss isn't illegal. It may be underhanded, but not illegal. Retailers do it all the time, it's called a loss-leader.
Until they actually produces charges and evidence, I'm going to keep my original stance: this is just a protective measure to keep poor little precious AMD (who also happens to be a European company) safe and sound. Hey, that's how it works isn't it? When you can't compete, go buy some legislators.
The EU has already handed down big fines against EU companies. In fact that's what they have done here, Intel subsidiary companies in all EU countries.
As to giving the money to AMD, this is the wrong case, this was about harming EU consumers not AMD. As the money is going into the EU coffers this reduces the money from EU member states to fund the EU, which in turn should reduce taxation and alleviate the people who were directly harmed.
As to whether individual member states will reduce taxation, well it's unlikely a $1.5B is a pittance in taxation terms.
So the company that was harmed the most (AMD) doesn't get squat. Bottom line is consumer's were NOT harmed the way AMD was out of profits and market share. If it's anything like a U.S. organization I bet almost 40%+ will got towards administration costs to the EU commission...
The money should go to AMD and the consumers.
So the loser can stay afloat another 3 quarters.Why?
If the collected fine monies were then handed over to the alleged victim, such actions might be deemed noble. Lacking that outcome, one wonders: where is justice?
I am missing something here. When an American gets fined for something in court, in the US of A, where does the money go, to the victims. I don't think so. Maybe you can enlighten me. Eg :A drunk gets fined a thousand for a DUI. A Vandal gets a --- get my drift. Last time I heard a fine went to state or federal coffers depending on which court system one used.
Hm, seeing all this anti-EU propaganda here, i just wonder what will you then do when they will get same or bigger fine in US, plus they will lose their lawsuit with AMD...
The fine is because broken laws, not because AMD.
Criminal court <> civil court
The EU gov't sure knows how to make a paycheck, eh?
Did they offer this money to AMD, who is so broke they are about to go under?
Nope! This wasn't about any Robin Hood'esque robbing the rich to feed the poor. This is about the EU rulers driving 100,000 Euro cars and getting those nice fat paychecks. You think Siemens hasn't been guilty of "monopoly"? They wouldn't dare sue Bayer, or Siemens, British Telecom, or any of a zillion companies that use illegal behavior to further their business goals. AMD can crash and die and they don't care as long as Intel paid them their fat bonus.
I'll say it again. It's high time we returned the favor and started dragging a few EU companies into the courts, started prosecuting for EU based tax evasion schemes and the like. Give 'em a taste of their own medicine and drag a few billion Euro back over to the US for once.
Thanks for the enlightenment. My next statement isn't directed at you.
Theirs a saying: When in Rome do as the Romans do. Intel wants to sell chips in Europe, they have laws that have to be followed. Intel broke European law and is fined. Whats the problem. The Japanese found them guilty of the same thing. I'm sure that if one comes to the US of A and brakes the law, they will go to court and get their due justice.
http://ec.europa.eu/competition/antitrust/cases/index.htmlCan anyone point us out to a list of all the EU anti-trust cases from the last 9 years? I'd like to see how many cases were against European companies vs. American companies. I'm guessing more are going to fall under the European umbrella. I'd also like to see how severe the fines are that are levied against the two groups. It'd be interesting if EU companies are fined in the tens of millions vs US companies being fined in the hundreds of millions or billions. I'm not saying that's the case, but it'd be interesting to see.
If I were Intel, I would tell the EU to go shove it up their collective ass.
QuoteOk, The EU (the government, not the citizenry) are really beginning to embarass themselves now. No other plan for economic recovery than continuing to mine the pockets of large American business?
Quote
"if you weren't so busy flag-waving and actually learned about these things, you would find out that most of the antitrust-cases and fines EU decrees are targetted against European companies. Of course those cases aren't usually reported in the USA, but still.
For example, ten biggest cartel-cases (measured in fines):
2008 Saint Gobain Car glass 896.000.000
2007 ThyssenKrupp Elevators and escalators 479.669.850
2001 F. Hoffmann-La Roche AG Vitamins 462.000.000
2007 Siemens AG Gas insulated switchgear 396.562.500
2008 Pilkington Car glass 370.000.000
2008 Sasol Ltd Candle waxes 318.200.000
2006 Eni SpA Synthetic rubber 272.250.000
2002 Lafarge SA Plasterboard 249.600.000
2001 BASF AG Vitamins 236.845.000
2007 Otis Elevators and escalators 224.932.950
Of those listed companies, I believe ONE is American (Otis, at number 10).
The argument that "EU is just picking on American companies!" simply does not hold. "
Quote
"if you weren't so busy flag-waving and actually learned about these things, you would find out that most of the antitrust-cases and fines EU decrees are targetted against European companies. Of course those cases aren't usually reported in the USA, but still.
For example, ten biggest cartel-cases (measured in fines):
2008 Saint Gobain Car glass 896.000.000
2007 ThyssenKrupp Elevators and escalators 479.669.850
2001 F. Hoffmann-La Roche AG Vitamins 462.000.000
2007 Siemens AG Gas insulated switchgear 396.562.500
2008 Pilkington Car glass 370.000.000
2008 Sasol Ltd Candle waxes 318.200.000
2006 Eni SpA Synthetic rubber 272.250.000
2002 Lafarge SA Plasterboard 249.600.000
2001 BASF AG Vitamins 236.845.000
2007 Otis Elevators and escalators 224.932.950
Of those listed companies, I believe ONE is American (Otis, at number 10).
The argument that "EU is just picking on American companies!" simply does not hold. "
If I were Intel, I would tell the EU to go shove it up their collective ass.
Quote
"if you weren't so busy flag-waving and actually learned about these things, you would find out that most of the antitrust-cases and fines EU decrees are targetted against European companies. Of course those cases aren't usually reported in the USA, but still.
For example, ten biggest cartel-cases (measured in fines):
2008 Saint Gobain Car glass 896.000.000
2007 ThyssenKrupp Elevators and escalators 479.669.850
2001 F. Hoffmann-La Roche AG Vitamins 462.000.000
2007 Siemens AG Gas insulated switchgear 396.562.500
2008 Pilkington Car glass 370.000.000
2008 Sasol Ltd Candle waxes 318.200.000
2006 Eni SpA Synthetic rubber 272.250.000
2002 Lafarge SA Plasterboard 249.600.000
2001 BASF AG Vitamins 236.845.000
2007 Otis Elevators and escalators 224.932.950
Of those listed companies, I believe ONE is American (Otis, at number 10).
The argument that "EU is just picking on American companies!" simply does not hold. "
I'm going to keep my original stance: this is just a protective measure to keep poor little precious AMD (who also happens to be a European company) safe and sound.
Quote
"if you weren't so busy flag-waving and actually learned about these things, you would find out that most of the antitrust-cases and fines EU decrees are targetted against European companies. Of course those cases aren't usually reported in the USA, but still.
For example, ten biggest cartel-cases (measured in fines):
2008 Saint Gobain Car glass 896.000.000
2007 ThyssenKrupp Elevators and escalators 479.669.850
2001 F. Hoffmann-La Roche AG Vitamins 462.000.000
2007 Siemens AG Gas insulated switchgear 396.562.500
2008 Pilkington Car glass 370.000.000
2008 Sasol Ltd Candle waxes 318.200.000
2006 Eni SpA Synthetic rubber 272.250.000
2002 Lafarge SA Plasterboard 249.600.000
2001 BASF AG Vitamins 236.845.000
2007 Otis Elevators and escalators 224.932.950
Of those listed companies, I believe ONE is American (Otis, at number 10).
The argument that "EU is just picking on American companies!" simply does not hold. "
I'm curious to know which part of your ass you pulled this out of?
Where is Intel, where is Microsoft? DuPont? Dow? Guardian Industries?
Also, I find it humorous that you used some of those years when the EU was still taking shape.... hell, they didn't even have a .eu domain name till 2005. lol
I'm curious to know which part of your ass you pulled this out of?
Where is Intel, where is Microsoft? DuPont? Dow? Guardian Industries?
Also, I find it humorous that you used some of those years when the EU was still taking shape.... hell, they didn't even have a .eu domain name till 2005. lol
Euro trash looking for a handout...if the ruling was FAIR you would give most of the money to AMD but I doubt that will happen...
Come back when you know what a Cartel is.