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Technology Stocks : Intel Corporation (INTC)
INTC 34.32-1.2%3:59 PM EST
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To: Paul Engel who wrote (56097)5/27/1998 1:34:00 PM
From: Maverick  Read Replies (2) of 186894
 
Government lawyers are preparing charges that INTEL CORP
(Tuesday's close 74-11/16) -- maker of chips at the heart of
nearly all personal computers -- illegally abused monopoly power
to hurt rivals, sources familiar with the case said late Tuesday.
Within the next week, top staff at the FTC will review the
proposed charges against the Santa Clara, Calif., company, which
makes the microprocessors running four out of five PCs, the
sources said. Soon after that, the five-member commission may vote
to approve narrow charges against the company. Those charges are
likely to be broadened later. "We have no comment about
speculation about what may or may not happen," an Intel spokesman
said. (Reuters 09:20 PM ET 05/26/98) For the full text story, see
infobeat.com
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