Intel proclaims itself a “Sponsor of Tomorrow,” but the company isn’t going to be a sponsor of the European Union if it can help it. The chip maker filed an appeal today challenging the European Commission’s $1.45 billion antitrust fine against it–the agency’s largest ever in a monopoly-abuse case.
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What a brilliant move. The European Commission claims Microsoft’s practice of bundling Internet Explorer with Windows violates European competition laws, so the company strips IE out of European versions of Windows 7. Now the Commission can’t argue that Microsoft’s behavior distorts fair competition in the browser market because, well, there’s no browser.
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Business journalists who had their careers curtailed by the souring economy might consider stopping by the Securities and Exchange Commission on their next trip to the unemployment office. The agency may have a good use for their talents, according to Chairman Mary Schapiro, who finds the sadly diminished ranks of the business press worrisome.
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