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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Intel hit with record $1.45 billion antitrust fine Wed May 13, 2009 10:05am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Foo Yun Chee and David Lawsky BRUSSELS (Reuters) - The European Commission fined Intel Corp a record 1.06 billion euros ($1.45 billion) on Wednesday and ordered it to halt illegal rebates and other practices it used to squeeze out its rival, AMD. The world's biggest chipmaker paid computer makers to postpone or scrap plans to launch products using AMD chips, paid illegal rebates to encourage them to use Intel chips and paid a retailer to stock computers with its chips, the Commission said. The antitrust fine, imposed after an eight-year investigation, is the biggest the European Union's executive arm has imposed on an individual company. David Anderson, a lawyer at Berwin Leighton Paisner, said Intel was "facing a wall of regulatory resistance to its business practices around the world" with antitrust infringement decisions against it now in Japan, South Korea and the EU. U.S. authorities are also investigating Intel, whose microprocessors power eight out of every 10 personal computers. Financial analysts said U.S.-based Intel would be able to maintain its market dominance but the EU's decision could help Advanced Micro Devices boost its market share. "Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years," European Union Competition Commissioner Neelie Kroes said. The Commission said Intel must cease all illegal practices immediately but Intel President and CEO Paul Otellini said the company would appeal at the Court of First Instance, the EU's second-highest court. "Intel takes exception to this decision. We believe the decision is wrong and ignores the reality of a highly competitive microprocessor market," he said in a statement. Kroes said the EU antitrust sanctions would be carried out immediately. In a previous antitrust case against software giant Microsoft, the Commission froze its remedies during part of an appeal filed by that company. Bruce Sewell, a lawyer for Intel, said the firm had not yet begun talks with the Commission on how to comply with its ruling and said: "We will try to be compliant with the order." The fine offset earlier optimism after Intel said late on Tuesday its orders and billing patterns had been slightly better than expected so far in the second quarter. Shares of Intel rose 1.3 percent in premarket trade. INTEL TO REMAIN DOMINANT Some analysts said the decision would have little strategic impact and would not change the way Intel operates. Others said it was a historic decision that showed the extent of the EU's determination to ensure dominant companies do not shut rivals out of the market and would have a big impact on the global IT industry. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Cell phones, TVs undo efficiency gains: study also on reuters Video Video: How fragile is the recovery? 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Slideshow Most Popular on Reuters Articles Video "French" kissing ups risk of oral HPV infection U.S.-born reporter obtained secret Iran report: lawyer Miss California keeps her crown, and her opinions | Video Intel hit with record $1.45 billion antitrust fine Google reshoots Japan views after privacy complaints U.S. foreclosures jump to record high | Video Toilet snake attack: urban legend comes true? U.S. looks at financial sector pay overhaul: report | Video U.S. credit rating at risk: former agency chief | Video REFILE-Miami 1st qtr home sales jump 72 pct from Q1 2008 Most Popular Articles RSS Feed Video Minor damage to the space shuttle Japan's latest bra push Miss California alternate named Weather, pilot error -- or both? Exodus in Pakistan Prejean keeps California crown U.S. joins U.N. Human Rights Council How fragile is the recovery? 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