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N.Y. AG Files Antitrust Lawsuit Against Intel
CWmike writes "New York Attorney General Andrew Cuomo has filed a federal antitrust lawsuit against microprocessor maker Intel, alleging that the company engaged in a 'systematic campaign' of illegal conduct to protect a monopoly. Cuomo's lawsuit alleges that Intel extracted exclusive agreements from large computer makers and threatened to punish those perceived to be working too closely with Intel competitors. Intel gave computer makers payments totaling billions of dollars in exchange for the exclusive agreements, and the company threatened to cut off payments to computer makers or fund their competitors when they worked with other microprocessor makers, the lawsuit alleged. Cuomo's lawsuit comes less than two weeks after news reports that the FTC is considering filing a formal complaint against Intel. 'Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market,' Cuomo said in a statement. 'Intel's actions not only unfairly restricted potential competitors, but also hurt average consumers who were robbed of better products and lower prices. These illegal tactics must stop and competition must be restored to this vital marketplace.'"
With that language, I wonder if he's just going for a consent decree regarding future conduct, and maybe a slap on the wrist. I wonder if this will in any way lead to AMD being made whole.
I wonder if this has anything to do with AMD (err Global Foundaries) dropping a few billion on the construction of a plant a few miles from Albany?
I don't buy it. For Goldman Sachs to have "engineered" the collapse, they would have had to be an omniscient god. They may have taken advantage of it, using political connection to DC, but they certainly didn't plan events to happen. I'm sure they would have preferred the bubble keep going up.
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
What's left? Government:
- Runs our childhood (school)
- Run our retirement (social security)
- Soon will run our very bodies (sick care and preventative care)
It also directly runs or strictly-regulates the electric company, phone company, cable/internet company. A socialist like you should be jumping up-and-down with glee, since there's very little the government doesn't already control. "Heil! Ooops... sorry. Bad habit." - Doc Strangelove
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
I would like to know what the Libertarian position is on monopolistic competition?
I believe one ought be free to do what one wishes with one's money, and it follows that paying someone (some people call it bribery) to persuade them to a position is fine. The problem is i haven't studied this and, not being an expert, it's difficult for me to see negative externalities that may ensue should this be brought into practice. Any advice?
Really, the simplest and most effective solution is to line up a few greedy CEOs and shoot them dead. Then the ones that weren't executed will know you mean business, that they need to play fair. So, if CEOs are as smart as they are supposed to be, to hold those corporate positions, only a very few need to be executed, for the message to be thoroughly understood and acted-upon.
That wouldn't work, although we can give it a try anyway.
Sociopaths, by their very nature, do not see others as human beings equal in any way to themselves. They are unconcerned about any adverse consequences received by others due to their own actions or the actions of others.
Cuomo's lawsuit, filed in U.S. District Court for the District of Delaware Wednesday, alleges that Intel extracted exclusive agreements from large computer makers and threatened to punish those perceived to be working too closely with Intel competitors.
Why is the New York AG filing lawsuits in Delaware?
Enjoy,
It's just the normal noises in here.
The recent anti-trust scam is about defining the market so that the target is a monopoly by definition. That's why "server" computers (that might even use PC hardware) were artificially excluded from the "market" so that MS could be considered a monopoly.
"Really, the simplest and most effective solution is to line up a few greedy CEOs and shoot them dead."
The simplest solution is to freeze private companies and eject management and the board, i.e. transfer ownership to new private owners, with some goals/targets conditions on stewardship.