Intel to contest record fine

INTEL president and chief executive Paul Otellini said yesterday that the company will appeal against the record fine of&nbsp;&euro;1.06bn (&pound;1bn) that has been imposed by the European Commission for illegal rebates and other practices it used to squeeze out its rival, AMD.<br /><br />&ldquo;Intel takes exception to this decision. We believe the decision is wrong and ignores the reality of a highly competitive microprocessor market,&rdquo; he said.<br /><br />The Commission found yesterday that the world&rsquo;s biggest chipmaker paid computer makers to postpone or scrap plans to launch products using AMD chips, paid illegal rebates to encourage them to use Intel chips and paid a retailer to stock computers with its chips &ndash; and ordered the firm to &ldquo;cease the illegal practices immediately.&rdquo;<br /><br />But Otellini plans to appeal at the Court of First Instance, the EU&rsquo;s second-highest court.<br /><br />The antitrust fine, imposed after an eight-year investigation, is the biggest the European Union&rsquo;s executive arm has imposed on an individual company.<br /><br />David Anderson, a&nbsp;lawyer at Berwin Leighton Paisner, said Intel was &ldquo;facing a wall of regulatory resistance to its business practices around the world&rdquo; with antitrust infringement decisions against it now in Japan, South Korea and the EU.<br /><br />US authorities are also investigating Intel, whose microprocessors power eight out of every 10 personal computers.&nbsp;