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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00400+185.7%Dec 5 9:30 AM EST
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To: Pullin-GS who wrote (11393)1/13/1998 11:28:00 AM
From: Moonray   of 22053
 
FTC clears path for Intel graphic chip acquisition

WASHINGTON, Jan 13 (Reuters) - The Federal Trade Commission said
on Tuesday it would continue to investigate Intel Corp.'s
(Nasdaq:INTC - news) $420 million acquisition of Chips and Technologies Inc. (Nasdaq:CHPS - news), a leading maker of
graphics chips for laptop computers.

But facing Intel's announced closing date of the merger, the
agency said it would not seek a preliminary injunction to halt
the transaction. Instead, the investigation will become part of
the agency's ongoing, broad review of Intel's business practices.

''Because we have concerns about the impact of this transaction
on competition in markets for certain computer components, we
have chosen to continue the investigation into the lawfulness of
the acquisition,'' the agency said in a statement.

The FTC reviewed the transaction for more than six months but did
not turn up sufficient evidence to convince a court that the
deal would hamper competition, sources familiar with the
investigation said.

If the continuing investigation turned up evidence of wrongdoing
by Intel, the agency could seek to have the company divest Chips
& Technologies.

Based in San Jose, Calif., Chips and Technologies is a top
supplier of flat panel video graphics controllers and accelerators
for portable computers. The company is a so-called ''fabless''
company, using facilities owned by others to manufacture the
products it designs and sells.

o~~~ O
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