Intel Pays AMD $1.25 Billion, Following That $1.5 Billion Fine

Courtesy WebProNews - Financial  Thu, 11/12/2009 - 09:27

Update:  Intel has now updated its Fourth-quarter financial expectations:

As a result of the legal settlement announced today with Advanced Micro Devices (AMD), Intel Corporation adjusted its fourth-quarter financial expectations to reflect the impact of the $1.25 billion settlement payment.

Intel now expects spending (R&D plus MG&A) in the fourth quarter to be approximately $4.2 billion, up from $2.9 billion.

In addition, the effective tax rate is expected to be approximately 20 percent, down from 26 percent....


 

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