Our 2009 results refl ect the impact of a $1.45 billion fi ne that we incurred in May as a result of the European Commission conclusion that Intel had violated competition laws in Europe.
We strongly believe that the decision was wrong and are appealing it. Our results were also affected by a $1.25 billion payment that we made in November to Advanced Micro Devices (AMD) as part of a settlement to end all outstanding legal issues between the companies, including antitrust litigation and cross-license patent disputes.
The settlement is a compromise of disputed legal matters, with both companies denying any wrongdoing. It avoided a lengthy and complex jury trial in Delaware, where AMD would have sought multiples of the amount paid to settle these claims.
In the fall of 2009, both the New York Attorney General and the U.S. Federal Trade Commission also filed antitrust lawsuits against Intel—actions that we believe are misguided, wrong on the facts, and based on incomplete investigations.
We firmly believe that Intel has competed fairly and lawfully, and we will continue to litigate these cases."
Source of INTC Post
1.45 Billion is NOTHING Compared to What INTC, Intel Corporation Stakeholders will PAY when the TRUTH comes to the Courts over the Involvement of Intel Corp in the stealing of a video coding technology that is now worth 13 Million Dollars.
http://www.investigativeblogger.com/2011/02/open-letter-to-intel-corp-board-of.html
http://www.investigativeblogger.com/2011/02/open-letter-to-intel-corp-board-of.html
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