Advanced Micro Devices (NYSE:AMD):
WHO: AMD Chairman and CEO Hector Ruiz and Executive Vice President
of Legal Affairs and CAO Tom McCoy.
WHAT: Conference call with Hector Ruiz and Tom McCoy to respond to
media inquiries regarding the European Commission's announcement that
it has formally charged Intel with violating EC antitrust law and
issued a formal "Statement of Objections" against the company. The EC
charges underscore how Intel's illegal actions have suppressed
competition in the IT industry and harmed millions of consumers in the
European Union and throughout the world.
WHEN: 11:00 AM EDT (8:00 AM PDT) on Monday, July 30, 2007
Please dial-in by 10:45 AM EDT to ensure participation
INFORMATION: Dial-in: (866) 259-1024 (U.S. Domestic)
+1 (703) 639-1218 (International)
BACKGROUND: The EC issued the Statement of Objections after a
multi-year investigation, including raids of Intel offices. The EC's
decision comes after the March 2005 ruling by Japan's Fair Trade
Commission, which determined that Intel had violated the country's
anti-monopoly laws by illegally forcing full or partial exclusivity
with five Japanese PC makers. In addition, court documents released
from that ruling reveal that the illegal activities were orchestrated
by Intel's corporate management in Santa Clara, CA.
An active antitrust investigation - with evidence seizures similar
to those in Japan and Europe - continues in South Korea, and AMD has
brought antitrust civil actions in Japan and the United States.
Allegations of Intel misconduct are also echoed in a U.S.
class-action complaint filed in January 2007, which claims that Intel
illegally paid a large manufacturer in excess of one billion dollars a
year to not purchase microprocessors from its competitors.
About AMD
Advanced Micro Devices (NYSE:AMD) is a leading global provider of
innovative processing solutions in the computing, graphics and
consumer electronics markets. AMD is dedicated to driving open
innovation, choice and industry growth by delivering superior
customer-centric solutions that empower consumers and businesses
worldwide. For more information, visit www.amd.com.
