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EU Fines Intel for 1.06 Billion EUR
on Wed 13th May 2009 10:23 UTC
already revealed by eWeek
earlier this week, the
EU has imposed a massive fine on Intel
for abusing its monopoly position. The fine is larger than the one given to Microsoft: 1.06 billion EUR, or 1.44 billion USD, opposed to the 899 million EUR fine imposed upon Microsoft.
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RE: This is bull
on Thu 14th May 2009 10:46 UTC in reply to "
This is bull
What the EU wants is money and favor from those who dislike the big guys, not competition. If you want to punish Intel for wheeling and dealing in a way you don't like... don't buy their products and try to convince others to do the same and work toward convincing the OEMs that other companies chipsets will gain them more income and happier customers.
All this does is provide an illegitimate advantage to those companies (AMD and VIA) who aren't as well established. It's a subsidy, a bailout.
I'm hearing a lot of argumentum ad miserecordiam, argumentum ad consequentiam and argumentum ad verecundiam. Where's the economic, social, political, moral analysis of such behavior?
It would seem that you are not at all familiar with articles 81 and 82 of the Treaty of the European Union, and indeed other similar laws all over the world.
It is not acceptable to distort the market. A company such as Intel is simply not allowed to try to put a competitor out of business by paying money to third parties so that they do not use Intel competitors' products.
Under EU law, very large market shares raise a presumption that a firm is dominant, which may be rebuttable. If a firm has a dominant position, then there is "a special responsibility not to allow its conduct to impair competition on the common market".
This is not just opinion and anti-big-company bias ... there is a lot more to it than that.
The particular laws that Intel apparently broke:
Edited 2009-05-14 10:53 UTC
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