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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: greenspirit who wrote (77703)4/5/1999 8:56:00 AM
From: Neville H. J. Gorman  Read Replies (1) | Respond to of 186894
 
To all: Advanced Micro Launches Faster Consumer PC Chip

Doesn't seem to have an effect on pre-market activity. Bid @122 1/4. Go INTC. I'm not worried at all given AMD's track record of poor execution. Looking for $150 after earnings and revised estimates.

NEW YORK (Reuters) - Advanced Micro Devices Inc. (NYSE:AMD - news), competing head to head with Intel Corp.(Nasdaq:INTC - news) Pentium technology, Monday launched a faster computer chip aimed at the consumer and small business personal computer markets.

The Sunnyvale, Calif., company said its new AMD-K6-2 microprocessor -- the brains of a computer -- clips along at 475 megahertz and is quicker than Intel's fastest Pentium II processor, a chip used extensively in consumer and small-business PCs.

Advanced Micro said International Business Machines Corp. (NYSE:IBM - news), the world's second-largest PC maker, would use the chip in an Aptiva consumer PC system it plans to release to the retail market.

Intel officials were not immediately available to comment on the new competing chip.

dailynews.yahoo.com