Author Topic: The AMD vs Intel case  (Read 815 times)

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ZOldDude

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The AMD vs Intel case
« on: August 27, 2008, 07:04:28 am »
(In the past 30 days Intel stock went up $1+ while AMD has gone up $2+ per share....I have both but ten times more of AMD).

UPDATE: Media Seek Unsealed Records In AMD-Intel Case
21 Aug 08 14:20 
(Adds comments from both firms and their reactions to the media's request.)

   By Brent Kendall
   Of DOW JONES NEWSWIRES


WASHINGTON -(Dow Jones)- News organizations and advocacy groups asked a Delaware federal judge Thursday to unseal court records in Advanced Micro Devices Inc.'s (AMD) antitrust case against Intel Corp. (INTC).

AMD filed its suit in 2005, alleging that Intel engaged in a worldwide campaign to coerce its customers into not doing business with AMD.

A trial date is set for 2010.

News Corp.'s (NWS) Dow Jones & Co. unit, publisher of The Wall Street Journal and Dow Jones Newswires, was among the organizations that requested the unsealing of court documents.

Also joining the request were the New York Times, the Washington Post, Situation Publishing Ltd., the Reporters Committee for Freedom of the Press and the Computer & Communications Industry Association.

The news outlets and advocacy groups said that non-confidential public records in the case "have been sealed unnecessarily and unjustly withheld from the public."

For example, the organizations said, court filings that detail allegations of Intel's behavior toward computer manufacturers have been redacted, "even though the events took place so long ago that there is no likely reason that their disclosure could cause competitive disadvantage."

"Litigants may not seal information merely because public disclosure will be embarrassing or will otherwise reflect poorly on them," the organizations said.

Intel spokesman Chuck Mulloy said the company was surprised by Thursday' request because his firm had offered to work with the organizations on a plan to make more documents public. The news outlets and other groups, he said, did not respond to Intel's offer.

"We're not opposed to [the request] on its face, but there is work that needs to be done," Mulloy said. "It's a complex matter with scores of third parties involved."

Mulloy said AMD had been encouraging outside groups behind the scenes to make a legal bid for unsealed records.

AMD spokesman Michael Silverman denied the charge, saying news outlets and other groups were the ones pushing his company for access to documents.

AMD said it gave the organizations what it could, but told them that if they wanted more, they would need to take it up with the court, Silverman said.

He said AMD would not oppose Thursday's request to make more records public.

-By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@ dowjones.com


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=msysc34sJNryHXUKmt4ODQ%3D%3D . You can use this link on the day this article is published and the following day.



(END) Dow Jones Newswires

08-21-08 1420ET

Copyright (c) 2008 Dow Jones & Company, Inc.

Source:
http://www.nyse.com/interface/jsp/NHDetail.jsp?RequestID=2&pageID=NewsHeadlines&sid=ON%2008/21%20757&isdowjones=true


*While we crash and burn, small, low tech, agrarian societies such as the Hmong in the mountains of Laos will continue on without so much as blinking an eye.*