Full Press Release TitleAMD Supports European Commission’s Dawn Intel Raids For Possible Antitrust Violations
SUNNYVALE, CA -- July 12, 2005 --AMD (NYSE: AMD) released the following statement today regarding the European Commission’s dawn Intel raids across Europe:
"Today’s dawn raids should come as good news to consumers across
Europe," said Thomas M. McCoy, AMD executive vice president, legal
affairs and chief administrative officer. "Every computer user has a
strong interest in ensuring that the full truth about Intel’s
anti-competitive abuses is revealed and corrected. The European
Commission dawn raids show that Intel cannot and should not escape the
scrutiny of antitrust officials around the world – nor can Intel escape
the consequences of its anti-competitive actions, which raise prices,
threaten innovation and harm consumers."
Today’s action takes place against a backdrop of increasing scrutiny of Intel’s business practices.
AMD filed a 48-page complaint in U.S. federal district court
against Intel on June 27th, explaining in detail how Intel has
unlawfully maintained its monopoly in the x86 microprocessor market by
engaging in worldwide coercion of customers from dealing with AMD. It
identifies 38 companies that have been victims of coercion by Intel –
including large scale computer-makers, small system-builders, wholesale
distributors, and retailers, through seven types of illegality across
three continents. AMD’s complaint is available for download at http://www.amd.com/breakfree.
The U.S. litigation follows a recent ruling from the Fair Trade
Commission of Japan (JFTC) on March 8, which found that Intel abused
its monopoly power to exclude fair and open competition, violating
Section 3 of Japan’s Antimonopoly Act. These findings reveal that Intel
deliberately engaged in illegal business practices to stop AMD’s
increasing market share by imposing limitations on Japanese PC
manufacturers. Intel did not contest these charges.
AMD Japan filed two claims on June 30 two claims against Intel
Corporation’s Japanese subsidiary, Intel K.K., in the Tokyo High Court
and the Tokyo District Court for damages arising from violations of
Japan’s Antimonopoly Act.
The suit in the Tokyo High Court seeks US$50 million (approx.
5.5 billion yen) in damages, following on the Japan Fair Trade
Commission (JFTC)’s findings.
An additional suit filed at the Tokyo District Court level
seeks to recover millions of dollars in damages for various
anticompetitive acts in addition to what is covered in the scope of the
JFTC Recommendation.
"We have illustrated specifics of Intel’s anti-competitive
abuses in our 48-page antitrust complaint." Mr. McCoy added, "We are
sure that today’s dawn raids will yield even more insight into Intel’s
antitrust violations."
AMD continues to work with antitrust authorities around the
world to look at the market failure and consumer harm Intel’s business
practices are causing in their nations.
News Source: AMD Press Release
Links
|
