News Update: Intel Steady-Firmer in After-Hours Session - FTC to Detail Settlement Wednesday Morning

In a statement on its web site, the Federal Trade Commission says Chairman Jon Leibowitz will be joined by Bureau of Competition Director Richard Feinstein at FTC Headquarters on Wednesday, August 4, 2010, at 10:00 a.m. ET to detail the terms of the Commission's order settling charges that Intel Corporation (INTC) used "anticompetitive tactics that stifled innovation and harmed consumers in the market for computer microprocessors, graphics processing units, and chipsets."

The FTC's complaint, filed in December 2009, charged Intel with waging a systematic campaign to shut out rivals' competing microchips by cutting off their access to the marketplace, and harming consumers.

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