Intel was fined $1.45 billion by EU for anti trust allegation. The sad thing is AMD was the one that the one that complain.
Why does American company have to pay for EU? EU has been bad. Whenever they needed money, they simply slap successful American company with fine. Why can’t the US do the same thing to European company? We are in need of money. Huge deficit. Lots of unemployment. We should simply sue the European company and slap them with fines.
Some of us may think that Intel has nothing to do with us. If you have 401K, then it indeed has an impact on our money. Many mutual funds include intel. Like it or not, it has some impact. I don’t like it.
Another company that’s slapped with big fine by EU was Microsoft. Again, the ones that complain was Real Networks, Netscape. Our American money only to support EU.
If any of you have a 401K, don’t you realize it?
Let’s see. Microsoft was slapped with anti trust. Microsoft can’t bundle Internet Explorer with the OS, yet Apple or Linux are fine to bundle anything they want with their OS. Now, Microsoft has to release so many versions of Windows as a result. Otherwise, they’ll be slap with anti trust again. Now, think about it. Who’s the one that suffers? We the customers are the one that suffers, and us who has any 401K.
Anyway, I am rambling and it’s very late.
If Intel’s appeal failed and Intel has to pay, it’s going to make some dent to its financial statement. It may affect it’s stock price. It may have eliminate jobs. Economy is already bad and unemployement already high. Our economy is already shrinking.
A note to any American company. If you want to complain, complain in the US. I am tired of wasting our money to support EU.;
June 12, 2009 at 11:14 pm
[...] wrote not too long ago that the one that suffers from Anti Trust are us. It was proofen yesterday. Those EU commisioner are the bad guys. They’re running out of [...]