EU Regulator Raids Intel Offices

stevedcc writes "BBC news is reporting that Intel's offices in Munich, Germany have been raided by European Union competition regulators. From the article: 'The Reuters news agency reported that the Commission also raided computer retailers on Tuesday including Germany's Media Markt, which sells PCs with Intel central processing units but not those made by AMD. Regulators have the power to fine Intel up to 10% of annual turnover if they find it guilty of stifling competition. Intel has said it is "confident" it had acted lawfully.'"

Comments

Re:Gone Too Far

[Silver Sloth]

How it works:-

1. Dominant player in market cuts costs to below cost of manufacure
2. Secondary player has to cut costs to match
3. Secondary player has shallower pockets than dominant player and goes out of business
4. Dominant player is now only player and can raise costs as high as they want to make back all they lost in action #1

There are reasons for market regulators, and not just because we European liberals like big government.