Feeds

Intel pays peanuts to settle NY antitrust suit

Mere millions seal the deal after judge kneecaps state's case

Designing a Defense for Mobile Applications

Intel has agreed to fork over a mere $6.5m to settle an antitrust lawsuit by New York's attorney general.

Although $6.5m is no mean sum to the average joe, it's a pittance to Intel, whose net income last year was a cool $12.94bn.

The case, first brought by Andrew Cuomo back in 2009, alleged that Intel had threatened PC makers and paid billions in kickbacks to make sure that they all used its chips. It's one of a number of suits brought by firms and regulators over the years that have accused the world number one chipmaker of unfair market dominance.

Unfortunately, the judge ruled that it wasn't really appropriate for the state to be suing on behalf of non-state companies, or looking to get damages on behalf of PC buyers.

"Those orders dismissed with prejudice the New York Attorney General's claims asserting (a) authority to represent non-state public entities under the Donnelly Act; and (b) parens patriae authority to recover on behalf of consumers under the Donnelly Act," the settlement agreement [PDF 2.3MB] read.

Intel, unsurprisingly, was well chuffed with this outcome.

“Following recent court rulings in Intel’s favour that significantly and appropriately narrowed the scope of this case, we were able to reach an agreement with New York to bring to an end what remained of the case. We have always said that Intel’s business practices are lawful, pro-competitive and beneficial to consumers, and we are pleased this matter has been resolved,” general counsel Doug Melamed said in a canned statement.

However, it's not the first time that Intel has had to answer to allegations like this. The chip colossus is currently appealing against a $1.5bn (€1.06bn) fine the European Commission slapped on it in 2009 after finding the biz titan guilty of anti-competitive behaviour.

The same year, Intel settled an antitrust battle with its main rival AMD, that included cross-licensing agreements, a promise from the behemoth that it would play nice in future and a handout of $1.25bn.

Then, in 2010, Intel settled an anti-competition case brought by the US Federal Trade Commission (FTC), which demanded that the goliath see the error of its ways. The FTC imposed a list of orders on the firm that added up to it changing its business policies and corporate governance structure. ®

Application security programs and practises

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.