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What The Media Tell Americans About Free Enterprise

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June 1998



At their best, the morning news shows, with their interview segments, can go into more depth on an issue than the evening newscasts. This was the case recently on ABC's Good Morning America. On June 9, co-host Kevin Newman interviewed Jim Cramer of TheStreet.com and ABC News computer editor Gina Smith about the Federal Trade Commission's antitrust case against computer chip manufacturer Intel.

Cramer presented a viewpoint many network viewers probably hadn't heard. "I think this is a case that will last on and on and on and distract a lot of the people who run that company and do a great job," he said. "And in the end nothing will come of it because there is no way that anybody else can make these chips as well as Intel."

While Smith argued that Intel was abusing its dominance of the chip market, Cramer noted that "Intel has historically shared its plans" and yet other companies "couldn't measure up." According to Cramer: "Intel has cut their prices and given you a faster, better chip every single year."

Rich Noyes





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