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

To: Paul Engel who wrote (57482)	6/8/1998 10:09:00 PM
From: Maverick	Respond to of 186894

The Federal Trade Commission sued INTEL CORP to stop the giant maker of microprocessors from wielding its dominant market position "as a club" against computer makers, an agency official said on Monday. The agency's top litigator, William Baer, said Intel withheld key technical information from leading computer makers DIGITAL EQPMT. CORP, INTERGRAPH CORP and COMPAQ COMPUTER CORP to stifle competition and impede innovation. "The case the comission is bringing today seeks to prevent Intel from repeating this conduct in the future," Baer said. The FTC determined that Intel's dominant market share constituted a monopoly, subjecting the company's conduct to heightened scrutiny under U.S. antitrust laws. (Reuters 02:59 PM ET 06/08/98) For the full text story, see infobeat.com After market close, INTEL CORP said that it believes that a lawsuit filed against it by the Federal Trade Commission is based upon a mistaken interpretation of the law and the facts. The FTC sued Intel to stop it from wielding its dominant market position "as a club" against computer makers, saying Intel withheld key information from three computer makers in an attempt to stifle competition and impede innovation. Intel said it intends to work through the administrative complaint process, and if necessary appeal to a federal court. "We believe that ultimately that process will conclude that our actions are lawful," it said. (Reuters 04:45 PM ET 06/08/98) For the full text story, see infobeat.com

To: Paul Engel who wrote (57482)	6/8/1998 10:10:00 PM
From: Maverick	Respond to of 186894

After market close, INTEL CORP said that it cut prices on many of its Pentium II processors, with price cuts ranging from 12% to 32%. For example, Intel cut the price on its 400 megahertz Pentium II, which was just introduced in April, by 12%, to $722 from $824. It cut the 350 megahertz Pentium II by 16% to $519 from $621. Prices are in quantities of 1,000. Intel also cut the price on its 266 megahertz Celeron chip for the basic PC market by 32%, to $106, from $155. The Celeron chip was also just introduced in April. The chip giant also introduced a faster version of Celeron, at 300 megahertz. (Reuters 05:22 PM ET 06/08/98)