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Statement by Grant Aldonas, Senior Advisor at the Center for Strategic and International Studies (CSIS) and Former Under Secretary of Commerce for International Trade, on the European Commission's Ruling on Intel Today
May 13, 2009The following is a statement from Grant Aldonas: "This is a potentially costly ruling for both the United States and Europe. It could lead to higher computer prices, which will hinder investment in information technology, making both economic recovery and improvements in our long-term competitiveness more difficult. Given the implications for R&D that drives Intel's investment in both Europe and the United States, it makes little sense to divert these funds to the European Union's coffers instead. If the United States wants to remain competitive, it is vital that it not follow this European model of punishing companies for the simple reason that they are more successful than their competitors." Full release.