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Intel, Federal Trade Commission in settlement talks

Written by James Delahunty (Google+) @ 21 Jun 2010 22:05 User comments (2)

Intel, Federal Trade Commission in settlement talks Both Intel Corp. and the U.S. Federal Trade Commission (FTC) filed motions on Monday to temporarily suspend trial proceedings while the two take time to discuss settlement of a lawsuit brought against the chip-maker for alleged anti-competitive practices.
The government accused Intel of stifling competition in a lawsuit back in December and said it aimed to halt the illegal practices that contributed to Intel keeping its status as the top chip-maker. The FTC said Intel had been trying to stifle competition with illegal tactics dating back to 1999.

Both NVIDIA and Advanced Micro Devices (AMD) made similar allegations against Intel in the past, and in November, Intel agreed to pay $1.25 billion to AMD to settle litigation. The motions filed today will give Intel and the FTC until July 22 to discuss a proposed settlement.

No details of any proposed settlement were disclosed by either party today. Intel spokesman Tom Beermann said it was possible that the commission would proceed with the case, should both sides fail to reach an agreement.

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2 user comments

122.6.2010 3:20

So AMD sued Intel, they settled, and now Intel wants to negotiate? They already agreed to pay...what is there to negotiate?

222.6.2010 17:27

i wounder how many other corporations practice in anti-competitive?

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