Key Developments For Intel Corporation
Intel Corporation (INTC.O) (Nasdaq)
Intel Corporation and Kontron Sign Global, Multi Year Distribution Agreement For VxWorks And Wind River Linux
Intel Corporation's Wind River and Kontron announced a global, multi year agreement under which Kontron will distribute Wind River`s VxWorks and Wind River Linux operating systems. This agreement extends a decade long collaboration, and is expected to extend the software and service offerings of Wind River and Kontron. The two companies will initially target the industrial, medical, military and aerospace, transportation, and networking market segments. Kontron also joins the Wind River Partner Validation Program, initially with its nanoETXexpress-SP module validated for use with VxWorks 6.7. By working together to validate Wind River`s embedded operating systems with leading partner software and hardware, Wind River and its partners are together providing a pre-validated solution stack to directly address integration costs, time-to-market, and long-term support.
Intel Corporation Makes Multi-Million Euro Investment To Create European Exascale Computing Research Center
Intel Corporation announced that the Company and Université de Versailles Saint-Quentin-en-Yvelines have entered into an agreement to create an Exascale Computing Research Center. Part of Intel Corporation's European research network - Intel Labs Europe - the center will explore how to build high-performance computing systems with a thousand times the performance of today`s fastest supercomputers. The term exascale refers to computers that are able to process one trillion - or one million million million - instructions per second. Intel will support the Exascale Computing Research Center with a multi-million Euro investment over a three year period. The French Atomic Energy Commission (Commissariat à l'Énergie Atomique), the Versailles Saint-Quentin-en-Yvelines University (Université de Versailles Saint-Quentin-en-Yvelines) and the French National High-Performance Computing Agency (Grand Equipement National de Calcul Intensif) will combine to match Intel`s contribution. This is Intel`s first joint lab in Europe focused exclusively on high-performance computing. It will complement and extend Intel`s existing high-performance computing research programs, investments and initiatives, including the Intel Academic Community Program and European Space Agency`s Mapping the Globe from Space project.
EU Ombudsman Rebukes European Union Over Errors In Intel Corporation Case-Reuters
Reuters reported that The European Ombudsman rebuked European Union regulators for procedural errors in their antitrust probe of Intel Corporation but the censure will not affect a EUR1.06 billion ($1.58 billion) fine against the Company. The European Commission levied the record fine in May for illegally shutting out Advanced Micro Devices, Inc. The ombudsman's decision is non-binding but it could help the Company in its appeal against the ruling to Europe's court. While the European Ombudsman can only make recommendations, he is one of the few independent checks on the Commission's antitrust agency, which critics say acts as judge, jury and prosecutor against companies. In his report, Ombudsman P. Nikiforos Diamandouros said he 'found maladministration on the grounds that the Commission failed to make a proper note of a meeting with computer manufacturer Dell relating to the Intel investigation'. He did not make any finding as to whether the EU executive had infringed Intel's rights of defence. The ombudsman also did not make a finding of maladministration over Intel's second allegation that the Commission had encouraged Dell to enter into an information exchange agreement with AMD. The Commission said it did not agree with the ombudsman's finding that it should have prepared a formal note on the meeting and said it had given Intel the chance to comment on the non-confidential version of the internal note.
Intel Corporation Announces 12.5% Increase In Cash Dividend
Intel Corporation announced that its Board of Directors has approved a 12.5% increase in the quarterly cash dividend to $0.1575 per share ($0.63 per share on an annual basis), beginning with the dividend that will be declared in the first quarter of 2010.
Intel Corporation and Advanced Micro Devices, Inc. Announce Settlement Of All Antitrust and IP Disputes
Intel Corporation and Advanced Micro Devices, Inc. announced a comprehensive agreement to end all outstanding legal disputes between the companies, including antitrust litigation and patent cross license disputes. Under terms of the agreement, Advanced Micro Devices and Intel obtain patent rights from a new five year cross license agreement, Intel and Advanced Micro Devices will give up any claims of breach from the previous license agreement, and Intel will pay Advanced Micro Devices $1.25 billion. Intel has also agreed to abide by a set of business practice provisions. As a result, Advanced Micro Devices will drop all pending litigation including the case in U.S. District Court in Delaware and two cases pending in Japan. Advanced Micro Devices will also withdraw all of its regulatory complaints worldwide. The agreement will be made public in filings with the Securities and Exchange Commission.
