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Technology Stocks : Intergraph -- Ignore unavailable to you. Want to Upgrade?

To: Swingdr1 who wrote (128)	6/22/1998 3:28:00 PM
From: Xpiderman	Respond to of 173

Shares of Intel Corp. traded higher after the chipmaker filed a coutersuit against Intergraph Corp. and issued a retaliatory statement to the Federal Trade Commission. Intel (INTC) accused Intergraph (INGR) of violating seven patents related to computer design and denied that it infringed upon Intergraph patents, saying it had rights to the technology through cross-licensing agreements with other companies. Intel also fired a shot at the FTC, filing a motion for the agency to clarify which market Intel is monopolizing. Intel shares rose 2 3/4 to 72 3/4 while Intergraph slipped 5/32 to 8 3/4. Intel (INTC) has asked an administrative law judge to demand that the Federal Trade Commission detail exactly what market Intel is allegedly monopolizing. The FTC earlier this month brought suit against Intel, claiming that the company uses its monopoly in the personal computer chip business to harm competitors. Regulators also say such behavior stifles innovation. Intel, however, argued in documents filed late Friday that the companies it allegedly harmed are customers, not competitors, in the PC chip business. As a result, Intel says, no market was harmed and no innovation was stifled. Withholding info The FTC is examining Intel's relationships with Digital Equipment Corp., Compaq Computer (CPQ) and Intergraph Corp. (INGR) In the past few years, Intel has withheld some key information about its new microchips from those companies following patent and other disputes. Antitrust regulators are especially keen on the dispute involving Intergraph, a computer workstation and graphics maker in Alabama that sued Intel last year. In April, a federal judge issued a preliminary injunction in favor of Intergraph and ordered Intel to provide the withheld data. On Friday, Intel filed a countersuit, charging Intergraph with violating seven of its patents. Intergraph executives say Intel is trying to distract attention away from the FTC case