Rumor: FTC close to filing complaint against Intel

Posted on Monday, Oct 26 2009 @ 18:47 CET by Thomas De Maesschalck
Bit Tech reports rumors are circulating on the web that the US Federal Trade Commission is close to filing a complaint against Intel for allegedly anti-competitive practices:
According to an article over on V3.co.uk, the FTC - which began an investigation into the chip giant's practices last year - is leaning three to four in favour of filing a complaint against Intel.

An un-named source is quoted as saying that "they're [the FTC] are close. They said it could be a matter of weeks or a matter of months when the vote happens.."

If the FTC do file a complaint against the company, it could lead to another whopper fine such as that levied against the company by the European Union in May after a similar investigation into alleged anti-competitive practices - costing the company £948 million, which Intel is currently appealing.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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