Intel Fires Back at Lawsuits
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The other shoe has fallen. HardwareCentral has the story of Intel's aggressive response to two major lawsuits.
Intel today blasted the antitrust suits filed late last year by the Federal Trade Commission (FTC) and the State of New York -- taking both sharply to task for what it says are wildly inaccurate claims.
In a partially redacted response (available here in PDF format) to the lawsuits, Intel (NASDAQ: INTC) said the FTC suit is "misguided" and "bears little resemblance to reality." It also said the complaint relies on "invective to paint ordinary and desirable competitive conduct as anticompetitive exclusion."
Additionally, Intel claims the FTC's suit is based largely on claims that the FTC added at the last minute and has not investigated.
"It is explicitly not based on existing law but is instead intended to make new rules for regulating business conduct," the chipmaker said in its response. "These new rules would harm consumers by reducing innovation and raising prices."