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NY Attorney General Has Intel In His Crosshair

Nov 04, 2009 (MarketNewsVideo.com via COMTEX) -- By MarketNewsVideo.com

Companies: Advanced Micro Devices, Inc. (AMD), Dell Inc (DELL), Intel Corp. (INTC), International Business Machines Corp. (IBM)

New York Attorney General Andrew Cuomo has computer chips on his mind it seems as his office filed an antitrust lawsuit against Intel (INTC) this morning. His suit claims the company paid billions of dollars to to computer manufacturers like Dell and IBM to ensure Intel chips would be used.

Furthermore, the lawsuit claims the company would retaliate against companies that did "too much" business with competitors, namely Advanced Micro Devices (AMD).

Cuomo's lawsuit follows similar lawsuits broke against Intel by the European Union and Intel still maintains it did not engage in any unlawful activities.

In afternoon trading, shares of Intel were unaffected by the New York Attorney General's lawsuit as shares climbed higher by almost two percent.

The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200911Intel110409&mv=1. 

http://www.marketnewsvideo.com/

Copyright (C) 2009 MarketNewsVideo.com. All rights reserved

News Provided by COMTEX

Companies: Advanced Micro Devices, Inc. (AMD), Dell Inc (DELL), Intel Corp. (INTC), International Business Machines Corp. (IBM)


Related terms: antitrust, business, computer, lawsuit, new york, unions, video

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