FTC Sues Intel for Anticompetitive Practices
Dec 17, 2009, 07:33 (1 Talkback[s])
(Other stories by Kenneth Corbin)
"The Federal Trade Commission complaint details a pattern of
Intel (NASDAQ: INTC) using a system of threats and rewards to
strike exclusive agreements with leading U.S. PC makers like Dell,
HP and IBM to include its hardware in their systems.
"The agency is seeking an order that would bar Intel from
practices deemed anticompetitive and monopolistic, but is not
asking for any monetary damages.
""There would be no possible monetary sanctions with respect to
the FTC action," Richard Feinstein, director of the FTC's
competition bureau, told reporters this morning. "We are really
more focused on addressing the conduct."
"Specifically, the FTC will ask a judge for an order that would
curb threats, bundled pricing and other paths to strike exclusive
deals or manipulate pricing."
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