[The second component is a voluntary separation program that offers several months' severance as an enticement to people who have been thinking of retiring or otherwise leaving -- standard stuff at most companies. These, along with normal attrition, should have helped Intel reduce its head count.] Unfortunately, ... normal turnover laws may not hold during a downturn in the economy. |
[The visit was done] during normal business hours on Tuesday morning, Seoul time. We would not characterize this as a raid. It wasn't scheduled, but it wasn't totally unexpected. |
a very broad, general request for information ... that affects a good many of Intel's business. |
all we know for sure is that the investigation is continuing. |
As we said before in court, AMD has made its own choices and those decisions have determined their position in the market. Their position in the market has nothing to do with Intel. Our business practices are both fair and lawful. |
At the end of the day we expect that the Korean FTC will conclude that our business practices are both fair and lawful. |
I can confirm that officials from the Korean (Fair Trade Commission) paid an unscheduled visit to our offices in Seoul ... during normal business hours. |
If someone is suing you over [intellectual property] and you continue to provide that party with information about products you have under development, then you essentially increase your risk. |
Intel is a very successful company, and it is not unusual for us to come under scrutiny. We believe our business practices are fair and lawful. |
It's a methodical and strategic exercise, rather than an across-the-board cut. |
It's not unusual for a company as successful as Intel to come under scrutiny. |
Our next step here would be for us to really understand the scope of the request. ... And once we understand the scope of the request, what we will do is develop a plan to comply with the FTC subpoena. |
Our next step here would be for us to really understand the scope of the request. And once we understand the scope of the request, what we will do is develop a plan to comply with the FTC subpoena. |
That's an ISO issue. We don't have any comment on the standards vote or the claims the Chinese are making. |
The [South] Korean FTC paid an unscheduled visit to our offices in Seoul on Tuesday of this week. It happened during normal business hours. It's part of a previously announced and ongoing inquiry into our business practices. We are continuing to cooperate and expect that at the end of the Day, they will conclude that our business practices are both fair and lawful. |