Missing

IdeaFeed

Intel Bribery?

“New York State Attorney General Andrew Cuomo filed a federal anti-trust suit against Intel Wednesday, alleging the chipmaker cornered the market by illegally punishing and bribing computer manufacturers,” writes Wired. “The suit, filed in federal district court in Delaware, says Intel, the world’s dominant maker of computer chips, systematically violated state and federal trade laws. The suit seeks monetary penalties and damages for New York state citizens and asks the court to prevent Intel from giving rebates to manufacturers in the future. ‘Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market,’ said Attorney General Cuomo. ‘Intel’s actions not only unfairly restricted potential competitors, but also hurt average consumers who were robbed of better products and lower prices.’”
comments powered by Disqus
×