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

To: Paul Engel who wrote (57515)	6/8/1998 2:05:00 PM
From: Maverick	Read Replies (1) \| Respond to of 186894

FTC votes to sue Intel for antitrust violations WASHINGTON, June 8 (Reuters) - The Federal Trade Commission voted on Monday to sue Intel Corp. (INTC - news), the dominant maker of microprocessors for personal computers, for violating the nation's antitrust laws. The FTC voted to sue the Santa Clara, Calif., company for using monopoly power to muscle its customers and competitors. It set a news conference for 2:30 p.m. EDT (1830 GMT) to explain details of the suit. There was little disagreement over the facts of the case. Intel cut off several companies from early information on its newest chips because those companies failed to turn over some of their intellectual property. Intel has said repeatedly it has a right to withhold information from companies which decline to reciprocate. But the FTC has said Intel is a monopoly, and special rules apply. The PC market is dominated by two companies: Intel, which makes the chips that form the heart of four out of five personal computers, and Microsoft Corp (MSFT - news), which makes the software that operates it. The two companies have evolved together, with the software and hardware matching each other. Earlier this spring, the Justice Department sued Microsoft for antitrust violations.