Anyway, Intel president and CEO Paul Otellini dismissed charges from Advanced Micro Devices Inc. in Japan on Tuesday, July 17, 2005. He denies the claims that Intel illegally dampened competition in the microprocessor market and said that Intel only agreed to sanctions in a recent ruling in Japan in an effort to resolve the legal suit.
“I want to be absolutely clear where Intel stands,” Otellini said during a conference with press and analysts Tuesday as the company released its second-quarter earnings report. “Intel competes aggressively and fairly around the world. This formula has led to Intel’s success and it will not change. … We unequivocally disagree with AMD’s claims and are confident this latest suit, like the others, will be resolved favorably for Intel.”
However, Intel agreed to “certain recommendations” from the Japan Fair Trade Commission in March, while disagreeing with the factual and legal conclusions. The Japanese commission found Intel had committed violations of the Antimonopoly Act. The European Commission is also investigating Intel’s practices.
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