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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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