Who wouldn't protest a $1.45 billion levy?
In a completely unshocking turn of events, Intel is appealing to the European Court of First Instance against the judgement made against it by the EU’s Competition Commission in the antitrust case brought against the company by AMD. Appealing doesn’t let Intel off paying the $1.45 billion fine levied against it, however, which resulted in a $400 million loss being recorded in its Q2 2009 financials.
Primarily, Intel says it believes its practices have always been entirely legal and above board and disagrees with the Competition Commission’s conclusion that its actions had “harmed millions of consumers.” Interesting among Intel’s reasons for appeal, though, is the claim that its human rights were violated.
Intel says that in having its antitrust case ruled by the EU’s Competition Commission it wasn’t afforded the opportunity to defend itself fully against the allegations of antitrust violation made against it. In the words of Intel’s Robert Manetta: “We have always felt the commission misinterpreted or ignored evidence that we presented to them.”
The full appeal hasn’t been made public, but the Court of First Instance will be releasing a summary within the next few weeks. It’s likely to be a while before any decision is made as the court is likely to take well over a year to deliver a verdict. In the meantime Intel will be complying with the Competition Commissions demands.