Bruce Sewell, Intel’s top legal beagle, has admitted that fighting the European Union’s £948 million ($1.45 billion) antitrust fine will be an “uphill battle”.
Intel was found guilty of anti-competitive business practices on a number of counts, including selling chips for less than the cost of manufacture along with paying retailers and system builders to not sell products using AMD chips.
Sewell, General Counsel at Intel, told attendees at the chip maker’s annual shareholder meeting that European courts are unlikely to disagree with the Commission’s ruling and that changing their minds would be difficult.
Sewell said Intel still plans to appeal the ruling and is hopeful that the decision will be overturned. “We have our work cut out for us, but I’m hopeful we can overturn this,” he said.
Do you think Intel can convince the European Commission that its ruling was wrong? Tell us in the forums.
Intel was found guilty of anti-competitive business practices on a number of counts, including selling chips for less than the cost of manufacture along with paying retailers and system builders to not sell products using AMD chips.
Sewell, General Counsel at Intel, told attendees at the chip maker’s annual shareholder meeting that European courts are unlikely to disagree with the Commission’s ruling and that changing their minds would be difficult.
Sewell said Intel still plans to appeal the ruling and is hopeful that the decision will be overturned. “We have our work cut out for us, but I’m hopeful we can overturn this,” he said.
Do you think Intel can convince the European Commission that its ruling was wrong? Tell us in the forums.
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