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N.Y. AG Hits Intel With Antitrust Suit; Says It Bribed And Coerced

Following a nearly two-year investigation, New York Attorney General Andrew Cuomo's office has filed a federal antitrust lawsuit against Intel saying that it, "used bribery and coercion to maintain a stranglehold on the market."



Cuomo charges that that Intel paid or threatened computer makers such as Dell, Hewlett-Packard and IBM in an effort to prevent them from doing business with its main rival, Advanced Micro Devices, David Sarno reports. "Intel's actions not only unfairly restricted potential competitors but also hurt average consumers, who were robbed of better products and lower prices," Cuomo says in a statement.



The complaint alleges that the "payoffs" came in the form of high-dollar "volume rebates" to the computer makers. Intel has said that it could resolve many of the issues raised by Cuomo. "In our view, neither consumers . . . nor justice are being served by this filing today," says Intel spokesman Tom Beermann.

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