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Slideshow Roofless in Brazil Thousands have joined a growing Roofless Movement who find shelter in abandoned or vacant buildings in Sao Paulo. Slideshow Sponsored Links FTC seeks to block computer switch maker deal Tweet Share this Email Print Related Topics Tech » WASHINGTON | Tue Dec 18, 2012 7:27pm EST WASHINGTON (Reuters) - The Federal Trade Commission on Tuesday said it would seek to block a proposed $330 million purchase of PLX Technology Inc (PLXT.O) by Integrated Device Technology Inc (IDTI.O), saying the combined firm would have a near-monopoly on certain computer components. Both companies make integrated circuits called PCIe switches, which perform critical connectivity functions in computers and other widely used electronic devices. "The combination of IDT and PLX would hurt competition and lead to higher switch prices, lower innovation in the marketplace, and reduced customer service," said Richard Feinstein, director of the FTC's Bureau of Competition. The combined firm would have a share exceeding 85 percent in the global PCIe switch market, the commission said. Headquartered in San Jose, California, IDT makes a range of semiconductor components used in communications, computing, and consumer applications. It proposed buying PLX, headquartered in Sunnyvale, California, in April. FTC said customers have traditionally used the competition between IDT and PLX to play one company against the other and achieve lower prices. IDT closed at $6.92 per share, up 10 cents, on Nasdaq, and PLX Technology closed at $4.50, down 7 cents. (Reporting By Ros Krasny; Editing by Bob Burgdorfer) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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