Charging Intel with anti-competitive practices and bullying PC manufacturers, the Federal Trade Commission sued the chip maker on Dec. 16. Citing a litany of practices designed to eliminate competition, the FTC claimed Intel was in violation of federal law.
Among the targets of Intel’s alleged strong-arm tactics are computer manufacturers including IBM, Hewlett-Packard and Dell. On news of the FTC action, Intel Corporation shares closed down more than 2 percent Wednesday at $19.37 a share.
Read the entire story at Information Week’s Web site.