Intel has officially responded an antitrust lawsuit filed by the US
Federal Trade Commission yesterday, accusing regulators of basing the
case on claims which the FTC failed to properly investigate.
"The FTC’s case is misguided. It is
based largely on claims that the FTC added at the last minute and has
not investigated. In addition, it is explicitly not based on existing
law but is instead intended to make new rules for regulating business
conduct. These new rules would harm consumers by reducing innovation
and raising prices," said Intel in a statement.
Intel Senior VP and General Counsel Doug Melamed believes that the case
could and should have been settled. "Settlement talks had progressed
very far but stalled when the FTC
insisted on unprecedented remedies – including the restrictions on
lawful price competition and enforcement of intellectual property
rights set forth in the complaint -- that would make it impossible
for Intel to conduct business," said Melamed.
Melamed claims the FTC rushed to file the case and that its misguided
decision to do so will cost US taxpayers millions of dollars in
litigation costs.
Also read:
Nvidia backs FTC action against Intel