Rochester, NY 8/10/2009 7:52:04 PM
News / Business

INTC - EU Draws Reprove In INTC Case Lapse

Intel Corporation

Intel Corporation, INTC

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The European Union's ombudsman issued a rare rebuke of the bloc's antitrust regulator, saying it failed to record "potentially exculpatory" evidence from a witness in its investigation of chip giant IntelCorp. The case ended in May with a finding of monopoly abuse and a €1 billion fine. The ombudsman, P. Nikiforos Diamandouros, has no authority to change the outcome, but he is one of the few independent checks on the EU's powerful executive arm, the European Commission.

The ombudsman's report, which followed a July 2008 complaint from Intel, shines an embarrassing light on normally opaque procedures at one of the world's most powerful and aggressive antitrust enforcers. The commission is establishing a record of taking on U.S. tech giants including Intel and MicrosoftCorp., but its procedures are increasingly a focus of complaint from targeted companies.

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