EC Ruling: Statement by Intel President and CEO Paul Otellini
SANTA CLARA, Calif., May 13, 2009 - Paul Otellini, Intel Corporation president and CEO today issued the following statement regarding the European Commission decision on Intel's business practices:
"Intel takes strong exception to this decision. We believe the decision is wrong and ignores the reality of a highly competitive microprocessor marketplace - characterized by constant innovation, improved product performance and lower prices. There has been absolutely zero harm to consumers. Intel will appeal."
"We do not believe our practices violated European law. The natural result of a competitive market with only two major suppliers is that when one company wins sales, the other does not. The Directorate General for Competition of the Commission ignored or refused to obtain significant evidence that contradicts the assertions in this decision. We believe this evidence shows that when companies perform well the market rewards them, when they don't perform the market acts accordingly."
"Intel never sells products below cost. We have however, consistently invested in innovation, in manufacturing and in developing leadership technology. The result is that we can discount our products to compete in a highly competitive marketplace, passing along to consumers everywhere the efficiencies of being the world's leading volume manufacturer of microprocessors."
"Despite our strongly held views, as we go through the appeals process we plan to work with the Commission to ensure we're in compliance with their decision. Finally, there should be no doubt whatsoever that Intel will continue to invest in the products and technologies that provide Europe and the rest of the world the industry's best performing processors at lower prices."
More information about Intel and "Competition in the Innovation Economy" is available at https://www.intel.com/pressroom/legal.
Latest News Posts
- Devil May Cry 5 won't require high-end GPU
- Red Dead Redemption 2 gets tons of new screenshots
- Red Dead Redemption 2 can transform into a FPS
- Spider-Man is the fastest-selling PS4 exclusive of all time
- Sony has no plans to make new PS Vita
- DLink HD Wi-Fi Camera 8300LH Review
- NVIDIA GeForce RTX 2080 Ti Review: No Seriously, Just Buy It
- can not find WIIFI driver
- Qsan XN3002T Two-Bay NAS Review
- Can't connect to the media server on my AC68U
- The Slater releases on September 20th
- Partnership Between Mastiff and Yggdrazil Group Brings Home Sweet Home to PlayStation 4 and Xbox One This October
- Turn-Based PC-RTS 'ValeGuard' Has Launched On STEAM Offering Exciting City-Building & Strategic Real-Time Combat
- IBM Takes Major Step in Breaking Open the Black Box of AI
- Genpact Launches Cora CommandCenter to Transform Digital Workforce Performance and Automation Governance