To: Paul Engel who wrote (76548 ) 3/17/1999 2:40:00 AM From: Paul Engel Read Replies (1) | Respond to of 186894
Intel Investors - Details of the FTC-Intel Deal are still "coming". Paul {=======================}newsalert.com March 17, 1999 02:16 U.S. FTC to announce approval of Intel deal-report Jump to first matched term WASHINGTON, March 17 (Reuters) - The Federal Trade Commission is set to announce approval of a surprise settlement struck last week with Intel Corp. just before a major antitrust trial against the chip maker was set to begin, the Washington Post reported on Wednesday. The article, quoting unnamed sources, said details of the pact will be made available on Wednesday. The government had accused Intel of using its dominance in making the chips at the heart of most personal computers to bully its competitors and stifle innovation. The Federal Trade Commission, which had brought the charges last June, said on March 8 that the proposed agreement still had to be voted on by its full four-member commission within the next few days. The agreement tracks much of the remedy the FTC had sought in the case, persons with knowledge of the deal told Reuters when it was first announced. The FTC got Intel to stop withholding products or intellectual property when it has a dispute with customers, according to the sources. Intel won exceptions to that remedy in special circumstances. And it need not admit that it holds monopoly power for the processors that run personal computers. The FTC had charged that Intel withheld information, prototypes and technical assistance when computer makers would not surrender their intellectual property for free. The suit was one of two high profile cases brought last year by the government against the nation's leading high-technology companies in the personal computing industry. The Justice Department's case against software giant Microsoft Corp . continues. Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. More Info