Intel Corporation To Pay $15 Each To Settle Pentium 4 Lawsuit

Intel Logo
By The original uploader was VD64992 at English Wikipedia [Public domain], via Wikimedia Commons

Intel Corporation (NASDAQ:INTC) under a settlement in a long-running class-action lawsuit will offer $15 to anyone who purchased a Pentium 4-powered PC around fifteen years ago, says a report from The Register. The amount $15 is made up of $1 for each year.

Long pending settlement

The chip maker has to pay to compensate for the fact that it mislead the consumers by claiming that Pentium 4-processor is superior to AMD Athlon Thunderbird. However, there was no truth in this claim, and lawyers for the case have been arguing that the company should pay everyone back.

If a user bought Pentium 4 powered PC between November 20, 2000 and December 31, 2001 then he or she can claim $15 cash payout. The user will need not show a receipt when claiming the compensation.

Moon Capital Struggles In Q1, Finds Value In Egypt And Turkey

Moon Capital Global Equity Partners lost -15.7% net in the first quarter of 2020, that's according to a June 3rd copy of the firm's letter to investors, which ValueWalk has been able to review. Q1 2020 hedge fund letters, conferences and more Commenting on the firm's portfolio in his first-quarter letter to investors, founder John Read More

The mount of $15 is surely minimal, but the real fine for Intel, which is also a part of the settlement, is that it also has to donate $4,000,000 to educational charities.

Intel Corporation (NASDAQ:INTC) is working on various other processors, so let’s hope the company does not repeat the same mistake again.

Busy product pipeline for Intel

According to Digitimes, the company is prepping up to launch two variants of Xeon E3 processor lineup.  The first one is dubbed as Xeon E3-1200 v4 series based on Braodwell micro-architecture, which is a 14-nanometer refresh of the 2013 Haswell micro-architecture. Separately, Intel is also looking forward to releasing Xeon E3-1200 v5 processors based on the next-generation Skylake micro-architecture.

The E3-1200 v4, which is expected to be a lower performer, would be an interesting option for the customers who want to update from the current Xeon E3-1200 v3 to new processors without changing the motherboard. The other version is expected to be high on performance due to its brand new CPU and GPU architectures, which will be worth for the customers buying new systems.

Intel Corporation (NASDAQ:INTC) is planning to integrate the E3 processors in systems with just one processor. Those systems having two or four processors will get Xeon E5 processors, and systems that need more than that will get the Xeon E7 line-up. The chipmaker has unveiled two processor versions of its Haswell-based Xeon E5 during the third-quarter of 2014.

Update: in this line “If a user bought —November 20, 2000 and December 31, 2011 — payout” is changed to “If a user bought —November 20, 2000 and December 31, 2001 — payout.