Thread regarding Intel Corp. layoffs

[What goes around, comes around] Intel Fights Record $1.2 Billion Antitrust Fine at Top EU Court

_Intel Corp. attacked the European Commission for being unfair in a probe that led to a record 1.06 billion-euro ($1.2 billion) fine.

The key issue in the investigation was loyalty rebates to lower retail prices, Daniel Beard, a lawyer for Intel, told the European Union’s Court of Justice in Luxembourg on Tuesday. But the European Commission failed to analyze “all relevant circumstances” to see if the rebates shut out rivals, he said.

The world’s biggest chipmaker is making a final attempt to overturn the penalty doled out in 2009 for unfairly squeezing out Advanced Micro Devices Inc. No date for a ruling has been set.

Two years ago, the EU General Court rejected Intel’s first appeal. That ruling was a timely boost to the Brussels-based European Commission, which is embroiled in lengthy probes of search engine giant Google and chip designer Qualcomm Inc. Regulators say Google gave financial incentives to telecommunications operators and phone makers that install its search app. They also allege Qualcomm paid a smartphone and tablet manufacturer to mostly use its chips._


This is how you fight a big behemoth, ignorant and arrogant animal Jekyll creation... You kill/put it in bay by taking big monies out of its wallet, and again, and again, and again... Until animal bleeds to its Death!

If I had Truly Enforcing Legal Power to perform, I would fine INTEL 10x more: $12 Billion USD (if I had any chance). INTEL idiots to pay back to all people, these INTEL bastards insulted with aggressive and complete arrogant and ignorant behavior!

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Post ID: @OP+I0rVBli

6 replies (most recent on top)

Why the hell can't Intel get out of the EU !!😓😖 Demise of Europe is here with the number of refugee terrorist rodents infiltrating the region.

EU is non-elected body with non-elected ppl positions of power. Bu!!$hit business laws making it difficult to operate there.

O ! but then how would the Intel staff make their Euro trips for enjoyment at Intel's expense.

I know one American female that takes her husband on each Intel trips to EU. As a professional, which part of work trip is not understood ?? You are meant to be work focused on the work goals of the trip. Not honeymooning with your partner that tags along with you.

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Post ID: @1ozk+I0rVBli

Agree, the EU is full of crooks that shake down corporations to pay for their social programs. But hey, EU, Jesse Jackson, only difference is the numbers.

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Post ID: @1ffa+I0rVBli

Another example of a US company failing to understand laws of the land where they operate. The fine should have been much higher, real damage was done to keep monopoly pricing. Soon coming to the fruit company and the alphabet soup, follow the rules or face the consequences. Not very different from foreign companies doing business in the US btw. Case of american cry-baby exceptionalism if you ask me.

The idiot lawyer who approved an caused the fine if probably still at Intel.

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Post ID: @1lpc+I0rVBli

@gmd: the fine has already been paid almost 7 years ago. That is how the EU works. EU is just a bunch of crooks that penalize US companies to fund their stupid decisions.

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Post ID: @zlb+I0rVBli

O boy, we [intel] do not have much cash left to pay this hefty fine.

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Post ID: @gmd+I0rVBli

Please stop hating Intel this much. Hatred will get you no where, but burn you. Remember there are 100k people just like you working at Intel. Why wish doom for them ? although I wish the leadership to be burned.

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Post ID: @snh+I0rVBli

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