Intel appeals to EU


Intel appeals to EU

Alex Scroxton

Industry heavyweight Intel has asked the EU to grant it more time to respond to charges that it bribed retailers to shift more PCs built on Intel chips.

Speaking to Reuters, Intel spokesman Chuck Mulloy said: "This is a procedural issue. The specifics of the filing are confidential but Intel has taken this step in order to insure that it has the ability to conduct a full and fair defense of the company. We believe this is a fundamental fairness issue."

The EU's competition commission believes it has already given Intel "ample" time to respond to its charges.

The ongoing saga between Intel and the EU has not blighted the day-to-day business of the vendor, which has just announced record Q3 revenues of $10.2bn and net income of $2bn, up 1% and 12% respectively on the third quarter of 2007.

President and CEO Paul Otellini said it was hard to see at this point what impact the financial crisis was going to have on Intel's business over the coming weeks and months, but added he was confident that "our product portfolio, strong cash-flow, commitment to deploying new technology and market momentum will allow us to outpace peer companies".

Looking ahead, Intel predicted sales of around $10.5bn next quarter, although anticipated restructuring and asset impairment charges surrounding its recent decision to close down a NAND flash memory facility.

Note that results from Intel competitor AMD are due later this week. Analysts are already predicting that despite the recent spin-off of its manufacturing business, AMD will report a loss and issue weak guidance for the next quarter.

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