We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
79,629 News Articles

Intel revenue drops $2bn following EC fine

But CEO says PC market is improving

Intel's net income for the second fiscal quarter of 2009 dropped $2 billion year-over-year because of the hefty fine imposed on the chip maker by the European Commission.

The EC in May fined Intel €1.06 billion after finding it guilty of antitrust violations in the microprocessor market. Intel took a charge of $1.45 billion related to the fine.

The EC accused Intel of anticompetitive behaviour and using its market position to dominate the microprocessor space. The investigation focused around Intel giving rebates to computer manufacturers in return for them buying microprocessors in bulk.

Including the charge, Intel reported a net loss of $398 million. Net revenue for the quarter ended June 27 was $8 billion, a drop of $1.4 billion compared to the previous year.

"Intel's second-quarter results reflect improving conditions in the PC market segment with our strongest first- to second-quarter growth since 1988 and a clear expectation for a seasonally stronger second half," said Paul Otellini, Intel's CEO.


IDG UK Sites

Samsung Galaxy Tab S 8.4 review: The best iPad mini and Nexus 7 rival tablet around

IDG UK Sites

Which Mac? Complete Apple Mac buyers guide for 2014

IDG UK Sites

Mobile email is powerful and useful - but also hopelessly intrusive

IDG UK Sites

Samsung lights up London skyline with Midnight Rainbow