Intel (INTC)

Intel Corporation was sued by New York Attorney General Andrew Cuomo, who accused the Company of scheming to maintain monopoly power in the market for microprocessors.
In a lawsuit filed in a Delaware federal court, Cuomo said Intel violated state and federal antitrust laws through a 'systematic worldwide campaign' of illegal threats, bullying and coercion designed to maintain a stranglehold on the market for microprocessors for personal computers. He said the Company for several years has bribed or coerced computer makers such as Dell Inc, Hewlett-Packard Co and International Business Machines Corp to use its microprocessors or not use those of rivals, in exchange for 'billions of dollars' of payments.

Nov 5 · 3:13:00 PM · Source: Reuters · Related: Dell
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by Michael Oliveto