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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Phud who wrote (177423)	4/7/2004 7:52:22 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 186894

its so good to see the big guys guide up again! that nokia red herring spooked the market earlier this week. I think things are pretty good across the board for tech except some isolated cases like Sun, expensive software and some storage.

To: Elmer Phud who wrote (177423)	4/8/2004 8:15:26 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 186894

UPDATE - Intel says trade officials raided its Japan office Thursday April 8, 2:58 am ET By Kunihiko Kichise and Daniel Sorid (Recasts, adds local media reports) TOKYO/SAN FRANCISCO, April 8 (Reuters) - Japan's fair trade watchdog raided the offices of Intel Corp's (NasdaqNM:INTC - News) Japanese unit on Thursday and a government source in Tokyo said the chip giant is suspected of violating antitrust laws. "They have worked to prevent other processor makers from supplying personal computer manufacturers," the source said. Intel, whose processors are used in four out of every five personal computers worldwide, said investigators from the Fair Trade Commission (FTC) had raided its office in Tsukuba, near Tokyo, but declined any further comment. Intel's main rival is Advanced Micro Devices Inc (AMD) (NYSE:AMD - News). Shun Yoshizawa, director of corporate marketing at AMD Japan, said FTC officials also went to its offices earlier on Thursday, but emphasised that it was not a raid and said it plans to cooperate fully with the investigation. "The FTC is doing this on suspicion that Intel might have broken an antitrust law, that's the only thing we know," Yoshizawa said. Local media said Japanese regulators were investigating whether Intel intentionally undercut competitors with large discounts and threatened to stop shipments unless PC makers used its chips. Business in Japan accounted for nine percent, or $2.7 billion, of Intel's $30.1 billion in total revenues in 2003. The Japan revenues marked a 42 percent rise from 2002. Japan is the world's third-largest personal computer market after China and the United States. PC shipments in Japan grew 2.9 percent to 12.74 million units in 2003, according to Gartner Dataquest. Japan's investigation of Intel comes as the company's chief executive, Craig Barrett, is in China, where he may discuss the Chinese government's decision to require wireless network chips to meet a domestic standard. Intel has had run-ins with regulators before over how it uses its dominant market position, but it has not been subjected to the intensity of investigations faced by Microsoft Corp (NasdaqNM:MSFT - News), whose operating system software runs on most of the world's PCs. In February, the FTC said it was investigating Microsoft's Japan unit on suspicion of violating antitrust laws. An antitrust case in Europe resulted in a fine of 497 million euros ($601 million). Microsoft has said it would appeal the ruling. Three years ago, the European Union (News - Websites) announced it was investigating Intel's marketing practices in response to complaints that Intel used its market position to reward some customers and punish others to ensure loyalty. That investigation was prompted by a complaint by AMD. Despite inquiries by U.S. antitrust regulators, Intel has not faced formal action by Washington. Intel provides marketing subsidies to PC makers that include the "Intel Inside" logo in their advertisements. Shares of Intel closed down 2.3 percent, or 65 cents, at $27.62 in New York trade, while AMD shares fell 1.17 percent, or 20 cents, to $16.90. ($1=0.82 euro) (Additional reporting by Daisuke Wakabayashi, Kiyoshi Takenaka and Nathan Layne)