By Daniel Costello
New York Attorney General Andrew Cuomo filed suit Wednesday againt Intel, the world's largest chipmaker, accusing it of scheming to maintain worldwide monopoly power in the market for microprocessors.
Cuomo said Intel violated state and federal antitrust laws by using illegal threats, bullying and coercion to maintain a "stranglehold" on the market for computer chips.
New York's top lawyer, and likley gubernatorial candidate next year, said the company has for several years extracted agreements from large computer makers, including Dell and Hewlett-Packard Co for the exclusive use of its microprocessors, in exchange for "billions of dollars" of payments.
In a conference call, Cuomo said Intel's "my way or the highway" attitude hurt companies and consumers. "We intend to stop them," he said.
categories: News
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