Tech News

December 29, 2006

AMD Claims ‘Significant Legal Victory’ in Intel Suit

Filed under: Technewsworld — dimon @ 10:51 pm

Intel said it would not object to a court order to produce documents related to its international business practices, as part of an antitrust case filed by rival Advanced Micro Devices. Intel also noted that a court-appointed Special Master explicitly said it was not making decisions about whether the evidence would be admissible in court.



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Chipmaker Intel (Nasdaq: INTC)
said it would not object to a court order to produce documents related to its international business practices, as part of an antitrust case filed by rival Advanced Micro Devices (NYSE: AMD) Latest News about AMD (AMD).

AMD said the court order issued Wednesday was a “significant legal victory.” //–>//–> Cooperating With the Court

In a letter to Judge Joseph Farnan in the U.S. Federal District Court in Delaware, Intel said it plans to cooperate with the court order and that it does not plan to file an objection.

Intel also noted that a court-appointed Special Master explicitly said it was not making decisions about whether or not the evidence would be admissible in court.

In September, a federal judge ruled that if AMD wins the antitrust case filed in the U.S., it cannot receive damages for Intel’s alleged monopolistic practices overseas.Harmful Practices?

The lawsuit dates to June 2005, when AMD initiated an antitrust case against Intel, alleging that its business was harmed by Intel’s practice of offering rebates, discounts and other incentives to persuade PC makers to use chips from Intel instead of AMD.

AMD argued that Intel sustains a monopoly that allows it to charge higher prices.

Intel responded that AMD’s problems were rooted in its reputation for being an unreliable supplier and that it failed to adequately invest in its business.

Shares of AMD fell 14 US cents at $20.56 in afternoon trading on the New York Stock Exchange, while Intel shares were unchanged on the Nasdaq Stock Market.

Original source here

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