Intel Up as FTC Drops Probes; Broadcom Alleges Chipmaker Used Its Trade Secrets - TheStreet

Intel

(INTC) - Get Report

was up 1.4% in preopen

Island

trading after the

Federal Trade Commission

announced it was dropping all investigations of the giant chipmaker.

Late Monday,

Broadcom

(BRCM)

asked a California court to bar Intel from selling or shipping products that Broadcom maintains result from stolen trade secrets. Broadcom was up 2.3% in the preopen.