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UPDATE 1-Investors cheer AMD on hopes for new chips
Mon August 18, 2003 01:25 PM ET
By Daniel Sorid
SAN FRANCISCO, Aug 18 (Reuters) - Advanced Micro Devices Inc. AMD.N shares shot up over 10 percent on Monday following comments from an influential technology strategist that AMD's new line of microchips poses the biggest-ever threat to industry leader Intel Corp. INTC.O .
In comments to the financial weekly Barron's, technology newsletter publisher Fred Hickey said AMD has finally built a line of chips that can take major market share from Intel, which makes the microprocessors that serve as the brains of most of the world's computers.
AMD has for years struggled to gain more than a foothold against Intel despite lower prices and chips that some experts say are as powerful as Intel's. This year, AMD is coming out with two chips, the Opteron and the Athlon64, which it markets as technologically
superior to Intel's Itanium and Pentium chips.
article: http://reuters.com/financeNewsArticle.jhtml?storyID=3295675&type=hotStocksNews