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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: gnuman who wrote (44515)	1/8/1998 7:41:00 PM
From: Maverick	Read Replies (1) of 186894

DIGITAL EQPMT. CORP. said it expects the Federal Trade Commission to approve its $700 million settlement with INTEL. The Los Angeles Times, quoting people close to an FTC probe, said FTC staff were building a case against approval of the deal on the grounds that it would limit competition to Intel's market-leading Pentium chip. Digital said it had received a request from the FTC, as was expected, in December for additional information about the deal. (Reuters 04:47 PM ET 01/08/98) For the full text story, see infobeat.com * INTEL said that it remains optimistic that the Federal Trade Commission will approve its pending patent litigation settlement with DIGITAL EQPMT. CORP., which was announced in late October. On Thursday, the Los Angeles Times reported that the FTC has found serious antitrust problems in the pending settlement, which includes buying Digital's chip making operations in Hudson, Mass. and other plants for $700 million. (Reuters 04:50 PM ET 01/08/98) For the full text story, see infobeat.com

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