To All, here is the news...
Terry Gross, Esq. and Kohn, Swift & Graf, P.C. Announce Silicon
Valley Court Approves Intel Rebate Program and Corrective
Advertising In Settlement of Class Action
SAN JOSE, Calif., Oct. 10 /PRNewswire/ -- On October 3, 1997, the Santa Clara County Superior Court, located in the
heart of California's Silicon Valley, approved a precedent-setting settlement of a class action brought against Intel Corporation
(Nasdaq:INTC), the world's largest manufacturer of computer chips. As part of the settlement, Superior Court Judge Socrates
Manoukian approved a rebate program that could affect as many as 500,000 to 600,000 purchasers of computers equipped
with Intel's 120 and 133 MHz Pentium processors. Corporations and individuals who purchased a 120 or 133 MHz Pentium
processor or PCs equipped with them between October 23, 1995 and January 5, 1996 are entitled to $50 rebates on the
purchase of Intel's new Pentium OverDrive processors, which deliver performance to the level of Intel's more advanced chips
with MMX or multimedia capability. The rebate certificates are freely transferable and can be sold to anyone. Intel describes
the OverDrive processors as key tools for upgrading existing computers at significantly less cost than purchasing new
equipment. Intel targets its marketing of the OverDrive processor to corporate managers, IT and MIS managers, as well as
small business and retail purchasers.
To receive a rebate certificate, those eligible simply need to download a Request Form from Intel's Web site at
www.intel.com/procs/support/pentium/certif/certif.htm (or from www.tgross.com/intelsettlement) and send it to Intel, or call
Intel at 800-628-8686. The rebate certificate can then be used in connection with the purchase of a Pentium OverDrive
processor, or can be sold or transferred.
The class action settlement also requires Intel to disclose in all future advertising and marketing programs to consumers of
SPEC benchmark results and iCOMP Index 2.0 scores, that these ratings have been calculated using differently configured
systems. For the first time, consumers will be fully informed that Intel's SPEC benchmark test results and iCOMP Index scores
for different Intel microprocessors are not calculated using identical systems, and thus are not directly comparable.
''This is a precedent-setting settlement,'' said Terry Gross, liaison counsel and settlement class counsel for plaintiffs. ''The
benefits of Intel's disclosures about its benchmarking practices will benefit all computer purchasers. In addition, we are hoping
that as many eligible parties as possible, large or small, take advantage of the rebate program. The transferability feature means
that large companies could buy the certificates and realize large savings. Computer owners that do not want the upgrade can
convert their rebates to cash by selling their certificates,'' Gross said.
For further information, contact Terry Gross at 415-337-4200, or counsel@tgross.com, or
tgross.com.
SOURCE Terry Gross, Esq. and Kohn Swift & Graf P.C. |
