Sunnyvale, California, United States
Advanced Micro Devices (NYSE:AMD):
WHO: AMD Chairman and CEO Hector Ruiz and Executive Vice President of Legal Affairs and CAO Tom McCoy.
WHAT: Conference call with Hector Ruiz and Tom McCoy to respond to media inquiries regarding the European Commission's announcement that it has formally charged Intel with violating EC antitrust law and issued a formal "Statement of Objections" against the company. The EC charges underscore how Intel's illegal actions have suppressed competition in the IT industry and harmed millions of consumers in the European Union and throughout the world.
WHEN: 11:00 AM EDT (8:00 AM PDT) on Monday, July 30, 2007
Please dial-in by 10:45 AM EDT to ensure participation
INFORMATION: Dial-in: (866) 259-1024 (U.S. Domestic)
+1 (703) 639-1218 (International)
BACKGROUND: The EC issued the Statement of Objections after a multi-year investigation, including raids of Intel offices. The EC's decision comes after the March 2005 ruling by Japan's Fair Trade Commission, which determined that Intel had violated the country's anti-monopoly laws by illegally forcing full or partial exclusivity with five Japanese PC makers. In addition, court documents released from that ruling reveal that the illegal activities were orchestrated by Intel's corporate management in Santa Clara, CA.
An active antitrust investigation - with evidence seizures similar to those in Japan and Europe - continues in South Korea, and AMD has brought antitrust civil actions in Japan and the United States.
Allegations of Intel misconduct are also echoed in a U.S. class-action complaint filed in January 2007, which claims that Intel illegally paid a large manufacturer in excess of one billion dollars a year to not purchase microprocessors from its competitors.
About AMD
Advanced Micro Devices (NYSE:AMD) is a leading global provider of innovative processing solutions in the computing, graphics and consumer electronics markets. AMD is dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions that empower consumers and businesses worldwide. For more information, visit www.amd.com.
Source: Business Wire (Business Wire India)