Legit Reviews • Intel Fined Record $1.44B for Monopoly Abuse

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Intel Fined Record $1.44B for Monopoly Abuse

Posted: Wed May 13, 2009 4:09 am

by InspectahACE

(TeleTubby voice) Uh Oh!!

http://www.foxnews.com/story/0,2933,520004,00.html

I bet they feel a little lighter without those greenbacks..ouch..As much as they kick rear, they did it to themselves

Re: Intel Fined Record $1.44B for Monopoly Abuse

Posted: Wed May 13, 2009 5:12 am

by Apoptosis

The fine is the highest ever imposed by the regulator and represents 4.15% of Intel's 2008 turnover. The U.S. chip maker immediately said it would appeal. The Commission is entitled to levy fines of up to 10% of a company's annual revenue.

They can cut that check without needing to borrow money, but they are appealing... Let's see what the appeal does.

Intel Response - http://forums.legitreviews.com/about21237.html