Intel CEO responds to EU ruling

Written by Tim Smalley

May 13, 2009 | 12:35

Tags: #amdvsintel #antitrust #commission #european #fine #paul #ruling

Companies: #eu #intel #otellini

Intel CEO and President Paul Otellini has responded to the EU's ruling, which found the chip maker guilty of abusing its dominant position in the market, saying that "Intel takes strong exception to this decision.

"We believe the decision is wrong and ignores the reality of a highly competitive microprocessor marketplace – characterised by constant innovation, improved product performance and lower prices, he continued. "There has been absolutely zero harm to consumers. Intel will appeal."

Otellini believes Intel's business practices don't violate European law and says that "the natural result of a competitive market with only two major suppliers is that when one company wins sales, the other does not."

"Intel never sells products below cost," he said. "We have however, consistently invested in innovation, in manufacturing and in developing leadership technology. The result is that we can discount our products to compete in a highly competitive marketplace, passing along to consumers everywhere the efficiencies of being the world's leading volume manufacturer of microprocessors.

"Despite our strongly held views, as we go through the appeals process we plan to work with the Commission to ensure we're in compliance with their decision. Finally, there should be no doubt whatsoever that Intel will continue to invest in the products and technologies that provide Europe and the rest of the world the industry's best performing processors at lower prices."

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