Intel says it's appealing $2.2 billion tax hit from IRS
,----[ ]
| Intel Corp. said in a filing to the Securities and Exchange
| Commission that it's appealing a ruling by the Internal Revenue
| Service over a tax benefit for export sales. If the IRS prevails,
| Intel could take a $2.2 billion plus interest hit on its federal
| income tax due 1999 through 2005.
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http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b97B9E67E-EC8D-42B6-A36A-4C1D04E97DC1%7d&siteid=yhoo&dist=yhoo
http://tinyurl.com/2vuoa7
If this is true, then it's muchly deserved, as the stories below show. Intel
screwed not only its rivals, using illegal tactics, but it also screwed its
customers, who were overcharged, as well as industry affiliates.
AMD still deserves many $billions from Intel. It has recently prepared itself
for a lawsuit, having obtained sufficient evidence of corruption.
Related:
Investors sue Dell on payments from Intel: WSJ
,----[ Quote ]
| An investor lawsuit seeking class-action status accuses Dell Inc. of
| improper accounting in its relationship with chip giant Intel,
| according to a media report published Thursday evening.
|
| [...]
|
| The suit alleges that Dell received at times as much as $1 billion
| a year in "secret and likely illegal" kickbacks in the form of
| "e-Cap" or "exception to corporate average pricing" payments"
| from Intel to ensure that Dell used no other chip supplier,
| according to The Journal.
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http://www.marketwatch.com/news/story/investors-sue-dell-payments-intel/story.aspx?guid=%7B400315B0%2DE375%2D4920%2DB300%2D784220BEFE35%7D&siteid=yhoo&dist=yhoo
EU antitrust experts seek charges vs Intel-source
,----[ Quote ]
| The Commission has been investigating chip-maker Intel for six years
| to see if it acts unfairly to keep its dominance over rival Advanced
| Micro Devices.
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http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070117:MTFH01539_2007-01-17_10-23-02_BRU005303&type=comktNews&rpc=44
Henri Richard: AMD's bad guy
,----[ Quote ]
| At the Consumer Electronics Show in Las Vegas, Richard, at a
| breakfast meeting, did his duty again. He said the Intel Inside
| program and other marketing promotions Intel has used over the
| years have killed profitability for PC makers.
|
| "The industry was saddled with a very successful marketing
| program that sucked all of the profit out of the industry," he
| said. In China, PC makers can avoid these programs and "not
| become a hostage."
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http://news.com.com/2061-13053_3-6148717.html?part=rss&tag=2547-1_3-0-20&subj=news
http://tinyurl.com/yf475k
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