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...apparently discuss how to avoid attracting the attention of regulators. In another, the two contemplate whether the senior vice president at IBM would be more valuable to them at a different firm. In a third, Chiesi, upon sharing non-public details about an upcoming reorganization of the microchip maker AMD, tells an alleged co-conspirator: "You put me in jail if you talk ... I'm dead if this leaks. I really am ... and my career is over. I'll be like Martha f______ Stewart." Both Rajaratnam and Chiesi have proclaimed their innocence. (Watch TIME's video of Peter Schiff trash...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

Search is facing the same problem as the chip business. Intel (INTC) and AMD (AMD) make semiconductors that are so powerful, very few PC buyers can use all of their computational power. A lot of what the chips can do is wasted. Upgrading to a more powerful processor does not mean much to people who cannot tell the difference. That leaves a few corporations and people who play complex video games as the only discriminating buyers of PCs with ultra-powerful processors. Just three or four years ago, the difference between one generation of semiconductor and another meant something...

Author: /time Magazine | Title: What Will the World Do with More Search Engines? | 5/20/2009 | See Source »

There's no doubt this public spending produced some results. The U.S. semiconductor firm AMD, for example, was planning to build a new plant in Ireland. In 1995, however, it switched to the Dresden area - once a high-tech region for the whole Soviet bloc - where it now employs about 2,000 people. Similarly, on the edge of Halle's Neustadt, in a brand-new technology center built on the site of the former Soviet army base, Katja Heppe pulls the claws of a snow crab out of a plastic bag. She's 29, a biotechnology researcher who specializes...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...billion, the damage to its reputation may last longer. The Commission's arguments are expected to provide ammunition in a separate Federal Trade Commission investigation into similar anti-competition claims in the U.S., probes by the New York State Attorney General, and a U.S. civil suit filed by AMD in 2005. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Chips Are Down: Intel's $1.45 Billion Fine | 5/13/2009 | See Source »

...Intel does not deny its rebate program, it argues that consumers were more helped than hurt from a price perspective. "Regulations should not prevent one company, no matter how large that company is, from offering discounts or providing incentives," said Intel General Counsel Bruce Sewell. He also noted that AMD, "the sole complainant in this case, is alive, healthy, and claims to be expanding its business...

Author: /time Magazine | Title: The Chips Are Down: Intel's $1.45 Billion Fine | 5/13/2009 | See Source »

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