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New York’s attorney general files antitrust suit against Intel

091104_intel.jpgNew York Attorney General Andrew Cuomo on Wednesday filed an antitrust case against Intel Corp., accusing the chip behemoth of using “bribery and coercion to maintain a stranglehold” on the semiconductor market. Shares of Intel gained 1.25% Wednesday, gaining in a broadly higher market, as the Santa Clara, Calif.-based company, part of the Dow Jones Industrial Average, got hit by another antitrust case based on allegations that it’s abused its market position, especially against archrival Advanced Micro Devices. To bolster his case, Cuomo cited internal emails, including one from a Dell communication warning that Intel Chief Executive Paul Otellini and Craig Barrett, then the company’s chairman, were “prepared for jihad” if the computer maker uses AMD products. Intel quickly fired back, with spokesman Chuck Mulloy saying the company disagrees with Cuomo’s decision. “Neither consumers, who have consistently benefited from lower prices and increased innovation, nor justice are being served by the decision to file a case now,” he said in a phone interview. “Intel will defend itself.” More…

News selected by Covalence | Country: Global | Company – Ethical Quote link: Intel | Source: MarketWatch

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