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Posts with tag ftc

Intel antitrust investigation officially launched by FTC


Intel is no stranger to antitrust problems, the company just got nailed with a $25 million fine in Korea, Europe's been breathing down its neck for years, and AMD has been trying to drum up antitrust accusations against Intel since time immemorial, but the FTC just embarked upon what could be Intel's biggest headache yet. The Federal Trade Commission has opened up a formal antitrust investigation of Intel, and has subpoenaed Intel, AMD and other smaller competitors for dirt on the company. Intel is being accused of using pricing policies designed to maintain a near-monopoly on the market, and while the company has been protected from a formal FTC inquiry by former head Deborah Majoras, the new chairman William Kovacic seems to see things a bit differently. A less formal review of the company has been ongoing since 2006.

Sony BMG album mar your PC? Here's $150

Although it seems like Sony BMG has been paying for its devious inclusions on certain records for quite some time, it looks like the joint venture will now be coughing even more dollars to compensate those affected. US regulators have now said that the company "agreed to reimburse consumers up to $150 for damage to their computers from CDs with hidden anti-piracy software," which comes on top of allowing customers the ability to exchange the album if they so desire. Moreover, Sony BMG must now "provide an uninstall tool and patches to repair the security vulnerabilities on consumers' computers" for another two years, and if its hand hadn't been slapped enough, it can no longer "collect information for marketing purposes" nor "install software without consumer consent." Great, we're elated that someone up there understands that this DRM gauntlet isn't the way to go, so why are we still fighting the agenda in so many other areas?

Apple takes $84 million charge, defends Steve Jobs in options scandal

While Apple's surely enjoying the perks of having a monumental amount of iPods unwrapped just days ago, everything's not exactly kosher in Cupertino. Aside from the mysterious mouse the firm just patented, the company is facing another bevy of off-the-wall lawsuits, all while trying to fish its CEO out of potentially hot water. After the Securities and Exchange Commission found that ole Steve was granted 7.5 million stock options without the proper authorization of Apple's board of directors in 2001, there was widespread speculation that Mr. One More Thing may suffer the same fate as Apple's former CFO Fred Anderson, who resigned after a similar debacle in 2004. It seems, however, that things just might work out okay after all, as Apple finally filed its required forms with SEC, recognizing a "total additional non-cash, stock-based compensation expense of $84 million after tax, including $4 million and $7 million in fiscal years 2006 and 2005, respectively." Aside from taking the lofty charge, the company also stated that while Jobs was "aware of the favorable grant date recommendations, he did not financially benefit from these grants or appreciate the accounting implications." So all those out there holding your breath to see if Macworld would ever be the same if this went south, it looks like we'll be seeing jeans and a black shirt all over again in just a few weeks.



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