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Technology Stocks : Intel Corporation (INTC)

INTC 34.32

-1.2%

Nov 18 3:59 PM EST

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To: Kealoha who wrote (56118)	5/27/1998 7:22:00 PM
From: Maverick	Read Replies (1) of 186894

Government lawyers are preparing charges that INTEL CORP-- 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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