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EU regulator raids Intel offices

Discussion in 'General Discussions and Lounge' started by gkd_uk, Feb 12, 2008.

  1. gkd_uk

    gkd_uk Moderator Moderator Webmaster

    Intel, the world's biggest computer chipmaker, has been raided by European Union competition regulators amid claims it abused its market position.
    Chuck Mulloy, a spokesman for Intel, said the regulators raided the company's office in Munich, Germany.

    Mr Mulloy said Intel was co-operating with the investigators.

    Intel has been accused of trying to abuse its dominant market position by selling its products below cost price and making cash payments to customers.

    "I can confirm that there has been a raid on our offices in Munich," Mr Mulloy said.

    "As is our normal practice, we are co-operating with authorities," he added.

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  2. SkinnerW

    SkinnerW New Member Webmaster

    I am just curious... How do you benefit from selling your product below cost?

    I understand if you are retailer and trying to get rid of the stock, but manufacturer. Unless there is a clause in the contract that after first cheap shipment buyer will have to pay regular price for the following orders - you can not create monopoly by going broke...
  3. smeagain

    smeagain Distinguished Member Webmaster

    Very old tactic used to kill the competition and increase monopoly position.

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