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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 231.83+1.7%Jan 16 9:30 AM EST
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From: Elmer Phud5/13/2009 11:43:25 PM
Read Replies (2) of 275872
 
In its summary of findings, the EC said Intel did not state the terms of the rebate payments in its contracts. However, the EC said it "obtained proof of the existence of many of the conditions found to be illegal" from e-mails and testimony.

Note that we do not have access to those alleged emails or testimony.

"There are no documents that show what they are alleging," said Otellini in a conference call with reporters. "These people picked up tens of millions of documents, but they couldn't find evidence of those deals and assumed they must be oral [agreements]," he said.

"There was evidence that refute what was claimed here," he added. "In some cases the OEMs made statements that these were not exclusive deals or [did not contain the] conditional terms [alleged by the EC, but] those documents were not allowed in the case file or were not used properly in making the decision," he added.

Otellini is reiterating what the EU said. They don't have any documents showing what the EU alleges. Was testimony taken under oath? Was Intel allowed to cross examine the witnesses?

Fortunately a court of law will decide and there Intel will be allowed to mount a defense, call witnesses, cross examine and subpoena documents the EU refused to admit. As I predicted, we didn't see the evidence.

eetimes.com
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