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Intel gets competition fine

Discussion in 'Information Technology' started by coderzone, May 13, 2009.

  1. coderzone

    coderzone Super Moderator

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    Intel, the computer chipmaker, is in line for one of the largest ever fines for anti-competitive behaviour handed out by the authorities in Europe.

    The European Commission is expected to approve the penalty on Wednesday.

    It is likely to be similar to the 497m euros ($650m, £480m) fine levied on Microsoft in 2004 for abusing its dominant market position. Some observers say the fine could be as high a one billion euros.

    The Commission, the executive arm of the European Union, is also set to impose a "cease and desist" order requiring Intel to change its business practices.

    http://news.bbc.co.uk/2/hi/business/8046393.stm
     

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