The company asked the European Court of Justice to overturn a June ruling that entirely rejected Intel's bid to erase the 2009 penalty for giving rebates to computer makers that favored its chips and shunned the products of its main competitor, Advanced Micro Devices (AMD) , Bloomberg said.
Shares of Intel are flat in late afternoon trading at $34.78
TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: