SANTA CLARA, Calif., March 8, 2005 - Intel Corporation today announced that its Japanese subsidiary, Intel K.K., received a Recommendation from the Japan Fair Trade Commission (JFTC) relating to certain business practices. Intel has approximately ten days to respond to the Recommendation. Intel continues to believe its business practices are both fair and lawful. The company is evaluating the assertions and the Recommendation before deciding next steps.
At the same time, Intel has expressed concern that the JFTC's Recommendation does not appear to take into account antitrust principles commonly accepted worldwide. "One of the core principles of competition policy is the notion that such policies should be based on sound economics," said Bruce Sewell, vice president and general counsel for Intel. "There is a broad consensus that competition regulators should only intervene where there is evidence of harm to consumers. It is apparent the JFTC's Recommendation did not sufficiently weigh these important principles."
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