Intel Corp (INTC)

[jay1000]

Hector Ruiz -->All about "FAIRNESS" + We are doing everything we can ....." This is really not about AMD versus Intel, or one company winning and one company losing.''


http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=INTC:US&sid=aNP2R3.y...


Intel Corp
Advanced Micro's Ruiz Says EU Intel Probe Is About Fairness

By Rhonda Schaffler and Ville Heiskanen

July 30 (Bloomberg) -- Hector Ruiz, chief executive officer of Advanced Micro Devices Inc., comments on the decision by European Union regulators to charge rival Intel Corp. with breaking antitrust laws. Ruiz, whose company is the second- largest maker of personal-computer processors, spoke in an interview today.

On the case against Intel:

``This is an issue between Intel and regulatory agencies around the world. They feel that Intel has behaved illegally in the marketplace. We welcome the opportunity for these agencies to ensure that there is fair and open competition in the marketplace. This is really not about AMD versus Intel, or one company winning and one company losing.''

Regulators feel that ``Intel has broken the law, and they need to respond to those accusations.''

``It would be very beneficial for AMD to have a fair and open competition marketplace where customers could make choices based on the value propositions that we offer.''

On cost reductions:

``We are doing everything we can to preserve cash. We have delayed some capital investments. In addition, we have intended, and now we are going to accelerate, some sales of assets.

``Internally, we are holding down expenses. We said on our analyst call that we expect our expenses to modestly go down for the rest of the year. We have frozen all hiring and done the things we believe will help us, as the top line grows, be able to approximate a break-even going out of the year.''

To contact the reporter on this story: Rhonda Schaffler in New York at [e-mail] ; Ville Heiskanen in New York