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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (33551)	7/12/2005 3:11:49 PM
From: RealMuLan	Read Replies (1) of 116555

EU Raids Intel Offices Mike Slocombe 12 July 05 digital-lifestyles.info European Commission heavies made an unscheduled visit to Intel offices in Europe today as the chip maker's offices were raided in connection with suspected anti-trust violations. The European antitrust regulators started booting in doors two weeks after rival U.S. chip-maker Advanced Micro Devices filed a lawsuit claiming Intel used its market dominance to coerce computer makers away from using their AMD chips. European Commission spokesman Jonathan Todd explained, 'Directorate General Competition officials, accompanied by officials from national competition authorities, are conducting inspections of several premises of Intel in Europe as well as a number of IT firms manufacturing or selling computers." A statement from the European Union head office added, "Investigations are being carried out in the framework of an ongoing competition case." Intel spokesman Chuck Malloy confirmed that the raids took place, adding that his company was cooperating fully while insisting that it was "all a stitch up and society's to blame" (or words to that effect). digital-lifestyles.info

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