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Intel could be facing 1 billion EUR fine

Posted on Sunday, May 03 2009 @ 19:24:01 CEST by

Some legal experts speculate the EU may slap Intel with a 1 billion EUR ($1.3 billion) fine for antitrust violations:
Microsoft, the world’s largest software company, has faced the biggest financial penalties to date, accused of abusing its dominance. It paid a fine in 2004 of 497 million euros, or $663 million at current exchange rates.

In the Intel case, “I’d be surprised if the fine isn’t as high or higher than in the Microsoft case,” said Howard Cartlidge, the head of the European Union and competition group at the law firm Olswang in London. “Technology markets are where the European Commission has perceived particular problems due to dominant companies.”

Some legal experts speculate that Intel’s fine could reach about a billion euros, or $1.3 billion. Intel’s annual sales were $37.6 billion in 2008.
More details at NY Times.



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