Intel does not want to give half a billion dollars
Paul Otellini, the President and Chief Executive Officer of the corporation Intel, issued a statement concerning the decision of the European Commission in the case of a violation of the corporation of European antitrust laws. As you know, Intel to pay a fine of 1.06 billion euros (about 1.45 billion dollars) and the immediate cessation of unfair dealing.
Chapter Intel has expressed strong opposition to the decision. According to him, European regulators, in its decision «to ignore the realities of highly competitive microprocessor market». In Intel sure has become the subject of bribery manufacturers in order to stifle a competitor – a normal business practice, which has not caused any harm to consumers.
«We do not believe that their actions violated European law. The natural result of a competitive market with two major suppliers is the situation when the company wins, the other not – the statement Otellini. – Intel will not sell products below cost. Of course, we continually invest in innovation in the production and development of advanced technology. As a result, we can make a discount to our products can compete at a very competitive market, distributing to consumers the benefits that we are a leading manufacturer of microprocessors serial ».
The company intends to appeal.
