Intel To Dispute $1.4bn Fine

Posted by: Alex Robinson Posted date: April 26, 2012 In: Headlines, Tech

Intel (NASDAQ:INTC) has decided to fight against $1.4 billion antitrust fine by European Union regulators.

Intel To Dispute $1.4bn Fine

Santa Clara, California based American multinational semiconductor chip maker corporation and the world’s largest and highest valued semiconductor chip maker based on revenue, Intel (NASDAQ:INTC), has reportedly decided to fight against European Union regulators for fining the company an amount of $1.4 billion for the use of rebates in 2009.

Intel (NASDAQ:INTC) spokesman Chuck Mulloy has said to the media that European Union regulators are mistaken in their findings and the company will try to appeal.

Intel Corp. (NASDAQ:INTC) stocks were at 27.86 at the end of the last day’s trading. There’s been a 1.5% change in the stock price over the past 3 months.

Intel Corp. (NASDAQ:INTC) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.11
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.16
Zack’s Rank: 2 out of 7 in the industry