AMD and Intel Settle, But Investigations Should Continue Says American Antitrust Institute President

Statement from Albert A. Foer, President, American Antitrust Institute: The settlement announced today by Intel and AMD does not necessarily bring closure to the three-dimensional global war being waged in the micro-processing industry. The FTC is still investigating Intel's activities in this market. The agency may conclude that certain issues have been left open and that federal intervention is still necessary to help clarify the legal standards. Those same legal standards are the subject of the recently announced New York State case as well as pending class action lawsuits against Intel. Even the European case, which is on appeal, does not necessarily disappear as a result of the settlement. The AAI will closely review the provisions in the settlement to determine if all aspects of the conflict have been treated in a way that serves the public interest in a competitive market.

Interview Availability: AAI President Bert Foer bfoer@antitrustinstitute.org 202-276-6002 AAI Director Robert Lande rlande@ubalt.edu 301-213-4539