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Thread: EU slaps a record fine on Intel

  1. #41
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    Re: EU slaps a record fine on Intel

    Quote Originally Posted by MrVicchio View Post
    Anyone else think the EU Folks have a clue about business?
    Don't really care. This is between the EU and Intel.

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    Re: EU slaps a record fine on Intel

    Quote Originally Posted by rathi View Post
    Also, the fines are not actually high at all. The problem with fining a corporation is that unless the fine hurts their bottom line, they have no incentive to change their behavior. If you can make 10 million breaking the law and only get fined 1 million, what is the incentive to follow the law? Fines either need to high enough to punish those who break the law, or your need to start revoking corporate charters and throwing people in jail. You cannot deter someone from a crime if they can ignore the punishment.
    Exactly! Ya gotta hit 'em hard!

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    Re: EU slaps a record fine on Intel

    Quote Originally Posted by obvious Child View Post
    I pay you money so you buy my products. And you go to jail for that in the US and/or pay hefty fines.
    I don't think that is illegal as long as it doesn't create a monopoly. From what I've heard anti-trust laws are vague: you can't "unreasonably exclude firms from the market or significantly impair their ability to compete".
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  4. #44
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    Re: EU slaps a record fine on Intel

    Quote Originally Posted by scourge99 View Post
    I don't think that is illegal as long as it doesn't create a monopoly.
    I don't know about that. Firms and people get fined and go to jail for engaging in kickbacks. Many mafia are in jail partially because DAs could prove that they engaged in illegal kickbacks. While that is this side of the pond, I don't see why something like that wouldn't exist in similar law in Europe.

    From what I've heard anti-trust laws are vague: you can't "unreasonably exclude firms from the market or significantly impair their ability to compete".
    I guess so, but given how the article is worded, what Intel did was a kick back. Even if it did not hamper competition, defending their actions is pretty ridiculous. I don't see why if as a country we proclaim it to be illegal for people to do it why companies engaging in it is any better.
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  5. #45
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    Re: EU slaps a record fine on Intel

    Quote Originally Posted by obvious Child View Post
    I don't know about that. Firms and people get fined and go to jail for engaging in kickbacks. Many mafia are in jail partially because DAs could prove that they engaged in illegal kickbacks.
    Getting kickbacks from the government is different then defining terms of purchase or sale between companies. The typical use of "kickback" is one when a person is bribed with individual compensation, not an entire company.

    For example, plastic molding companies won't make you a design unless you order a specific amount. Though you can order less, the more you order provides significantly cheaper prices per product. Technically this would qualify as a "kickback" but its normal business practice as its expensive to produce a mold and inexpensive to produce the product once the mold is created. Therefore, the plastic company will charge less per product if a customer orders a greater bulk.

    This type of business dealing is pretty universal. Its cheaper to make in bulk then to custom make orders or have an unsteady demand. But smaller companies can view this as unfair.

    Quote Originally Posted by obvious Child View Post
    I guess so, but given how the article is worded, what Intel did was a kick back. Even if it did not hamper competition, defending their actions is pretty ridiculous. I don't see why if as a country we proclaim it to be illegal for people to do it why companies engaging in it is any better.
    The real problem is that many necessary business practices can have the impression of unfair practice. No doubt many companies use this to their advantage.

    Though some of the things Intel purportedly did cannot be justified and it is probably why they are being so heavily fined.
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