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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (32964)	5/28/1998 6:32:00 AM
From: EPS	Read Replies (1) \| Respond to of 1570711

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. search.nytimes.com 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. search.nytimes.com 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. search.nytimes.com