Intel settles AMD claims but isn't off the hook

[Shocker003]

Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics, a rift that led to antitrust charges against Intel in several countries and was headed toward a costly and nasty trial next year.


Link:-
http://tech.yahoo.com/news/ap/200911...amd_settlement

[i found nemo]

lol intels lucky they are rich.

"AMD shares soared $1.15, or 22 percent, to $6.47 in afternoon trading. Intel shares fell 1 cent to $19.83."

lol barley affecting intel. fight the powa!

[Donnie27]

[QUOTE=Shocker003;4106617]Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics, a rift that led to antitrust charges against Intel in several countries and was headed toward a costly and nasty trial next year.

Even when they loose they come out smelling like a rose.

Intel said that with the $1.25 billion settlement, its spending in the current quarter will now be $4.2 billion rather than the $2.9 billion it had previously forecast. But it also expects its tax rate to be 20 percent rather than 26 percent because it says legal settlements are tax deductible.

This pretty much takes whatever little wind out of the Sails of the folks in NY State had!