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Technology Stocks : Intel Corporation (INTC)
INTC 35.10+2.3%Nov 19 3:59 PM EST
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To: Barry Grossman who wrote (47320)2/6/1998 4:11:00 PM
From: Jeff Fox  Read Replies (2) of 186894
 
Barry, re: DOJ Antitrust activities

I am totally confused as to what DOJ thinks it is doing. They seem uninterested in this year's fad of doing "roll ups", i.e. rampant mergers to restrict competition. The examples are numerous from cable TV, garbage collection to mortuaries. Most have resulted in much higher prices, but no action from DOJ. In fact there isn't any guidance from DOJ as to what is permissible and what isn't.

Then there are our traditional monopolies that remain unmentioned by DOJ. For instance Polaroid has exclusivity to instant (chemical) photography for fifty years, long after the basic patents have lapsed. There has since been little innovation and continuously rising prices. Where regular photography has been held to a high 50 cents per picture, Polaroid demands over $1 per shot. There newest "disposable camera" product is priced and $2 per shot, now 4x the cost of convention snapshots. Contrast this to Intel who halves the cost of computing (at same performance) each and every year!. How Polaroid compare to Microsoft's behavior where they are providing new function for zero price?

Then take a look at the battery (dry cell) business. Here there is clear (if informal) price collusion. I have priced batteries for years in the stores. Never has there been as much as a penny difference in price, and the prices have never gone down.

Seems to me there is plenty of work if the trust busters were at all interested in doing their job. They obviously have not! It is shameful for them then to "reawaken" to persecute Wintel, two outfits from which the world has reaped immeasurable benefit.

Jeff
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