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Technology Stocks : Intel Corporation (INTC)

INTC 40.56

+10.2%

Nov 28 12:59 PM EST

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To: Tony Viola who wrote (56354)	5/30/1998 12:24:00 AM
From: Ibexx	Read Replies (3) of 186894

Tony and thread, FTC signals no imminent move against Intel WASHINGTON, May 29 (Reuters) - The Federal Trade Commission has no meeting set next week at which it could bring charges against Intel Corp.INTC.O, although that could change, according to a recorded FTC telephone message late Friday. Sources familiar with the case have said the FTC staff is close to recommending that the commissioners bring charges that Intel abused its market power to hurt its rivals. Intel, the world's biggest semiconductor company, supplies the chips that run 80 percent of all personal computers. Once the recommendation is made, a meeting of the FTC could be called on short notice. The updated "Sunshine Phone" recording said there were no meetings of the five-member commission planned for next week, but that the schedule was always "subject to change." The phone line announces all planned meetings of the FTC, but not agendas for closed sessions. The five-member commission can only sue Intel if it meets and a majority votes to act, which would take place in a closed meeting. REUTERS Rtr 20:11 05-29-98 ______ Now they are telling us.... Ibexx

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