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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: herb will who wrote (170017)8/25/2002 6:26:42 PM
From: Dan3  Read Replies (1) | Respond to of 186894
 
Re: What a ridiculous state of affairs!

An organization, pretending to be impartial, produced a set of benchmarks for comparing products from company A and company I, that summed results from a bunch of subtests. When company A's products did better on some of the benchmarks than company I, all subtests in which company A did well were removed from the benchmark.

Intel cheated millions of buyers by intentionally disseminating fraudulent test results from a supposedly independent organization it secretly controlled.

This is the kind of sleazy swindle you might have expected from a corner user-car dealer, or Florida swamp-land seller, but not from Intel.

Intel has been sued over this in a class action lawsuit, and we just have to wait and see what a jury will decide.

Intel has quite a history of losing in court. They lost against Intergraph, and their (once) favorite son and partially owned memory company, RAMBUS, has lost in court over and over again.

Intel committed an outrageous act of fraud, has been caught, and is being sued over it.

This one could cost them a lot of money... as much as 10's of Billions... or maybe only a few hundred million.

Time, and the juries, will tell.