Bad news for Intel...could give AMD a big POP today
FTC Plans Antitrust Suit Against Intel
By JOEL BRINKLEY
ASHINGTON -- The Federal Trade Commission is preparing to file a major antitrust suit
against Intel Corp., charging the company with abusing its position as the monopoly
manufacturer of microprocessor chips for personal computers and bullying some computer
manufacturers, lawyers involved in the investigations said Wednesday.
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May 28, 1998
11th Hour Wrinkle Became Basis for the Intel Case
By LAWRENCE M. FISHER
claim added almost as an afterthought in a civil lawsuit filed last fall in Birmingham, Ala., paved
the way for a broad antitrust suit that the Federal Trade Commission plans to file soon against
Intel Corp..
The civil suit, accusing Intel of patent infringement, was filed in November
by Intergraph Corp., a maker of computer work stations, which added to the
suit at the last minute a claim of antitrust violation. Last month a federal judge
concluded that there was a "substantial likelihood" that Intergraph would
succeed in proving that claim. Now Intergraph's accusations may end up
playing a central role in the trade commission's case.
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May 28, 1998
Inside Intel, Setbacks and the F.T.C. Bring Some Anxiety
By GRETCHEN MORGENSON
mmortal. Beloved.
That's how investors see Intel Corp., the world's premier maker of microprocessors, the guts that
run computers. Even though the stock has fallen 21 percent from its February high, Intel has remained
one of the most widely held and deeply loved stocks in America. For many investors Intel is not just a
stock, it's a religion.
...............................
Intel stock, which fell 37.5 cents in heavy trading yesterday, to $74.3125, is already well off its 1998
high of $94.19. But trading at around 24 times expected 1998 earnings of $3.15 a share, the stock is not
cheap, especially given that revenues, flat for the last five quarters, actually fell 7 percent in the first
quarter of 1998. Margins are falling as well: Operating income dropped from 44 percent of sales in the
first quarter of 1997 to 32 percent this year.
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