FTC Sues, What's the Fallout for Intel?
Dec 17, 2009, 19:03 (3 Talkback[s])
(Other stories by Andy Patrizio)
""This is kind of pathetic. Over two years after Japan, Korea
and the EU have taken action and Intel settled with AMD, now the
FTC steps up and says something? That's pathetic," groused Jim
McGregor, chief technology strategist with In-Stat.
"Intel's (NASDAQ: INTC) past behavior certainly earned it
considerable scrutiny. In its complaint, the FTC raises issues
dating back to 1999. AMD (NYSE: AMD) filed its antitrust case
against Intel in 2005. Japanese regulators raided Intel's offices
in 2004 and South Korean officials did the same in 2006.
"McGregor said AMD first complained to the FTC but it was the
last to act after Japan, Korea, and the European Union, which
slapped Intel with a $1.45 billion fine earlier this year after its
own multi-year investigation.
""It shows how slow [the FTC] are. To see them to be the last
one to act really doesn't send a good statement about our
regulatory bodies," he said.