For Immediate Release
Chicago, IL – December 17, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Intel Corp. (INTC), Hewlett Packard Company (HPQ), Dell Inc. (DELL), International Business Machines (IBM) and Advanced Micro Devices (AMD).
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Here are highlights from Wednesday’s Analyst Blog:
Intel Sued by the FTC
The Federal Trade Commission finally charged Intel Corp. (INTC) for anti-competitive practices. The agency has reportedly been studying the case for the past year and has found Intel guilty on many counts.
The list of Intel’s misdemeanors included an attempt to cut off its rivals’ access to the microprocessor market; an attempt to monopolize the graphics processor market; and an attempt to smother competition, thereby slowing down the pace of innovation and reducing customer choices.
In the core microprocessor market, Intel was charged with purposefully redesigning key software (called compiler) that would not work well with CPUs from competitors, and then misrepresenting the reason for the poorer performance. According to the FTC, this encouraged users to stay away from competing products.
The company also is accused of making arrangements with key hardware makers, such as Hewlett Packard Company (HPQ), Dell Inc. (DELL) and International Business Machines (IBM), among others, and paid billions of dollars to these companies to make them stay away from Advanced Micro Devices (AMD) processors.
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