Intel’s criticism of the European Commission’s legal acumen clearly has not gone over well in Brussels. The EC today responded to Intel’s claims that the Commission’s antitrust ruling against the company was meted out in error by releasing the full text of its decision and a selection of email correspondence and internal memos that make it clear that Intel probably should have kept its big mouth shut.
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“Manifestly disproportionate.” That’s how Intel describes the record $1.45 billion antitrust fine levied against it by the European Union, one the company evidently believes was meted out in error.
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Longtime Intel general counsel Bruce Sewell, who left the company without explanation yesterday, evidently had good reason for doing so: He has taken a new job at Apple. That would certainly explain the “surprise” Intel expressed over his departure. And also why the company was so quick to remove his corporate bio from its Web site.
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Pat Gelsinger isn’t the only Intel veteran leaving the company amid the big management restructuring announced today. Longtime general counsel Bruce Sewell is taking his leave as well. Which is odd, since Sewell has been quarterbacking Intel’s fight against antitrust allegations at home and abroad since, well, since they were first brought against the company.
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Thirty years at Intel was evidently more than enough for Pat Gelsinger. He’s giving up his job as senior VP of the company’s Digital Enterprise Group to run EMC’s storage-products operations, The Wall Street Journal reports.
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Mac OS X 10.6 Snow Leopard, the latest iteration of Apple’s operating system, arrived at market today–about a month earlier than originally anticipated. And while it doesn’t really deliver the GUI enhancements we’ve come to expect from Apple and some incompatibilities are riling people up, Snow Leopard’s under-the-hood improvements and price point appear to have struck a chord with critics. After the jump, a selection of early reviews.
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Intel is a bellwether for the tech sector; as goes Intel, so goes the industry. So, if the company raises its third-quarter revenue forecast because of stronger-than-expected demand for its microprocessors and chipsets, as it did today, then the industry may truly be stabilizing.
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The world’s largest mobile phone maker has finally entered the PC market. Not a week after confirming its interest in the netbook market, Nokia leapt into it, uncrating the Booklet 3G–a 2.8-pound “mini-laptop.”
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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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When Intel CEO Paul Otellini said “the worst is now behind us,” he was clearly not referring to AMD. Posting earnings Tuesday afternoon, AMD reported an ugly loss of $330 million, or 49 cents a share–greater than the 47 cents analysts had been expecting.
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Three months after Intel CEO Paul Otellini announced that the PC market had reached bottom, the company’s latest financials, which handily beat expectations, seem to have proven him right. “The worst is now behind us,” he noted. And the tech economy is showing signs of muted recovery. The question is: Is that recovery sustainable?
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