Intel Wins Ruling in Antitrust Class-Action Case

Intel has agreed to change some of its practices to settle a federal antitrust lawsuit alleging a decade of abuse. Intel Corp. is calling a truce in one of its last major antitrust battles over its behavior in the market for computer chips.

The attorney general of New York state filed an antitrust lawsuit against Intel Corp. alleging the US computer chip giant engaged in illegal practices to dominate the market."Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market," Attorney General Andrew Cuomo said in a statement."Intel's actions not only unfairly restricted potential competitors, but also hurt average consumers who were robbed of better products and lower prices," Cuomo said.

US computer chip giant Intel has hit back at the European Commission's record 1.06-billion-euro fine for anti-competitive practices, saying it would fight the ruling with an appeal in EU courts.

Intel says it is in talks with the Federal Trade Commission over settling an antitrust case against the chip maker. In December, the FTC filed charges against Intel Corp., accusing it of practicing illegal sales tactics that have hampered competitors and kept prices for computer chips artificially high.

New York's attorney general has filed an antitrust lawsuit against Intel Corp., claiming the company used "illegal threats and collusion" to dominate the marketplace for computer microprocessors.

NEW YORK (AP) -- New York's attorney general has filed an antitrust lawsuit against Intel Corp., claiming the company used "illegal threats and collusion" to dominate the marketplace for computer microprocessors....

Computer chip titan Intel agreed to conditions Wednesday that will open the door to renewed competition following a settlement of an antitrust probe with the US government, officials said.The Federal Trade Commission, the government agency with consumer protection and competition jurisdiction, approved the settlement after charges Intel illegally stifled competition in the market for computer chips."Intel has agreed to provisions that will open the door to renewed competition and prevent Intel from suppressing competition in the future," the commission said in a statement.

The Federal Trade Commission is suing Intel Corp., accusing the company of using its dominance of the computer chip industry to thwart competition. The FTC says Intel coerced computer manufacturers such as Dell and Hewlett Packard to use its chips and not those of its rivals. Intel called the suit "misguided."