Reuters days ahead with EU anti-trust action against Intel

Reuters broke news on May 7 that the European Commission had decided to sanction Intel for suppressing competition, and then followed up on May 10 with further details of the findings of the investigation and some indication of the non-financial penalties that will be imposed on the world’s top chip maker. Shares in Intel’s rival AMD soared as much as 8 percent after Reuters reported the details, which Bloomberg, the Wall Street Journal and the Financial Times followed only the following day. Intel lost about 6 percent of its value after the initial Reuters story and weakened further after the second. The stories came with analyses, factboxes and chronologies on the investigation and ruling. The commission announced the $1.45 billion fine and other measures against Intel on May 13.