NEW YORK (Dow Jones)-- The head of the Federal Trade Commission has rejected requests by lawmakers, other commissioners and a rival company to open a formal antitrust investigation of Intel for anticompetitive conduct, The New York Times reports in its Monday edition, citing government officials and lawyers involved in the proceeding.
In recent weeks, regulators in Korea and with the European Commission have separately accused Intel of antitrust violations by offering large discounts to computer makers in exchange for their not using products by the rival company, Advanced Micro Devices, the Times reported.
Japanese officials made similar accusations in 2005, the Times said.
AMD has struggled to compete and has waged a global antitrust campaign against Intel, according to the Times.
The FTC has been conducting an informal review of AMD's complaints for more than a year. But the commission's chairwoman, Deborah P. Majoras, has rejected requests to elevate the inquiry to a formal investigation, the Times reported.
FTC officials said that at least two of the five commissioners have recommended that the chairwoman open a formal investigation. But Majoras has declined without elaboration to authorize a formal inquiry, the officials said, according to the Times.
Tex, how do you see this week playing out for INTC. It could go one of two ways. Given that there was a large sell off Friday we might see somewhat of a rebound given INTC favorable earning report and postive news from Apple. The action in Asia (Monday) is in reaction and catch up to what happened in the US on Friday. If there is little or no bad news we should see some positive bounce in the AM and hopefully that will carry through the day.
And the market really needs to reward INTC stock for all the great work the company has done so far. With the October worries out of the way, they cannot hold the stock down this low for much longer. Excitement will definitely build momentum going into the November 12 launch of the Penryn. This is a huge leap against AMD. AMD's architecture means nothing when the company has weak production capabilities.