Intel charged with antitrust - NY attorney general

New York Attorney General Andrew Cuomo filed an antitrust lawsuit against Intel, alleging the chipmaker threatened computer makers and paid kickbacks to stop them from using competitors' chips, Cuomo's office said Wednesday.

The suit alleges that Intel (INTC, Fortune 500), the largest maker of computer microprocessors, violated state and federal law "by engaging in a worldwide, systematic campaign of illegal conduct ... in order to maintain its monopoly power and prices."

The statement from Cuomo's office alleged that Intel paid billions of dollars to large computer makers who agreed to use Intel's microprocessors exclusively, and that the company threatened and punished those "perceived to be working too closely with Intel's competitors."

Read Full Article from CNNMoney.com

- Posted: 2009-11-04 11:06:22

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