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Old 1 Week Ago   #1 (permalink)
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Exclamation Intel to pay AMD $1.25B in legal settlment

Quote:
NEW YORK -

Intel Corp. is paying $1.25 billion to Advanced Micro Devices Inc., its largest rival in the market for computer processors, to settle all antitrust and patent suits, the companies said Thursday.

Intel said it has agreed to abide by a set of "business practice provisions." In return, AMD is dropping suits in the U.S. and Japan, and withdrawing complaints to antitrust regulators worldwide.

AMD shares soared $1.19, or 22 percent, to $6.51 in morning trading. Intel shares edged up 13 cents to $19.97.

AMD has been complaining to regulators for five years that Intel has broken antitrust laws to limit AMD's market share.

In May, the European Union fined Intel a record $1.45 billion, and last year, Korea's Fair Trade Commission fined Intel $18.6 million. Intel is appealing both rulings.

EU spokesman Jonathan Todd said the European Commission "takes note" of Intel's settlement with AMD but that it does not change Intel's duty to comply with European antitrust law.

In 2005, Japan's Fair Trade Commission found that Intel violated antitrust rules there. Intel accepted that ruling without admitting wrongdoing.

The U.S. Federal Trade Commission also is investigating.

Intel has previously defended its sales practices — which include rebates to big Intel customers — as legitimate and good for customers because it can lead to lower prices.

Intel said that the $1.25 billion settlement means its spending in the current quarter will now be $4.2 billion rather than the $2.9 billion it had previously forecast. It also expects its tax rate to be 20 percent rather than 26 percent. All other expectations are unchanged, Intel said..

Intel, based in Santa Clara, Calif., owns about 80 percent of the worldwide microprocessor market, while AMD in nearby Sunnyvale has most of the rest.
source:http://tech.yahoo.com/news/ap/200911...pRlLK95MriS5A5
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Last edited by thlnk3r : 1 Week Ago at 12:03 PM
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Old 6 Days Ago   #2 (permalink)
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WORRRRRRRRRRRRRRRRRRRRRRRRRRRRD

Good time to buy AMD stock and can't wait for the new processors that will come as result of this $$ boost
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Old 6 Days Ago   #3 (permalink)
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Quote:
Originally Posted by porschedrifter View Post
WORRRRRRRRRRRRRRRRRRRRRRRRRRRRD

Good time to buy AMD stock and can't wait for the new processors that will come as result of this $$ boost

Too late. You missed the buy.

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Old 6 Days Ago   #4 (permalink)
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By like what? A week?
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Old 6 Days Ago   #5 (permalink)
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Intel, thanks for funding our next chip that takes over the performance crown.

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