Word: intell
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...with foreign intelligence services. The intent of the act was to make one agency responsible for coordinating all intelligence to prevent anything falling through the cracks, another Pearl Harbor. The CIA certainly has let things fall through the cracks, but won't a free-for-all for the lead intel post abroad make our intelligence more dysfunctional than ever? (Read "Counterterrorism: A Role...
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...
...However, European consumer group BEUC says Intel has wrought enough damage to warrant a collective court action for compensation. "Consumer choice is the heartbeat of a competitive economy," BEUC Director General Monique Goyens said in a statement. "Intel should be liable to compensate the victims of its illegal practices. Consumers have been paying too much for their computers and they should be compensated...
...Intel's fine is the largest ever by the Commission, dwarfing the previous record of $675 million (at current exchange rate) on Microsoft in 2004. However, the Microsoft fines grew to $1.16 billion last year because the software giant failed to comply with the original 2004 ruling. (See pictures of the dangers of printing money in Germany...
...lesson for Intel should be to avoid tangling with the Commission, says Michael Tscherny, a partner at the GPlus Europe consultancy in Brussels and a former Commission competition spokesman. "Like Microsoft, Intel went for a confrontational approach, and it lost," he says. "I understand Intel's court appeal, but I expect it to fail. Intel is not a philanthropic company - it only was offering discounts to win business. But even big companies like Intel have to play by the rules...