Linked by Thom Holwerda on Tue 15th Sep 2009 21:55 UTC
Earlier this year, the European Commission imposed a massive fine upon Intel for its anti-competitive practices in the OEM space. Intel has been given the opportunity to respond, as is usual in cases like this, and the chip maker is claiming that the fine should be thrown out, because the EC did not prove that Intel's practices hurt the competition.
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Member since:
2005-07-22
Probably why if I ran Intel or Microsoft, I'd just cut my losses, give Europe the finger, and close shop liquidating assets in the entire region. No matter how large the target audience is, there are times where it's just not the hassle - and the EU seems to want to convince international corporations that they are not worth dealing with.
As much as many people would like it, the likes of Microsoft (especially them IMHO) & Intel won't give Europe the finger as you so eloquently put it.
Why?
The market for their goods in the EU is bigger than in their home territory. Yes folks, there are more potential customers in the EU than in the USA. Couple that with the 1 Euro == 1 GBP == 1$ exchange rates they seem to use (on the FX market, 1GBP = approx $1.60) and guess what, there is a lot of profit to be made in the EU.
How would you like to explain that at the next shareholders meeting eh?