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 Feb 02, 2007 - 12:34 PM - by Michael
* Dell sued over Intel exclusivity

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PC Games/Hardware/Microsoft
Reuters has word that Dell's being being sued for collusion with Intel to keep processor prices up..

It seems Dell's account books are hiding something, possibly cash bribes from Intel made to keep them from offering AMD-based PC's.

The lawsuit accuses Dell of artificially inflating profits "by secretly receiving approximately $250 million a quarter in likely illegal rebate kickbacks payments" from Intel in return for an exclusive deal to purchase Intel's microprocessors, class-action lawyer William Lerach told Reuters.

The plaintiffs also contend that the company and its executives participated in a "widespread, long-running scheme to defraud" shareholders and inflate Dell's stock price, said Lerach, head of law firm Lerach Coughlin Stoia Geller Rudman & Robbins LLP in San Diego.
Painful for Dell...
 

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