I was very surprised that no one else posted this. Anyway, I noticed that AMD was up more than 5% today, so I looked at the news and saw this:
<< Advanced Micro Devices (AMD:NYSE - news) rose 7% in midmorning trading after CNET News reported that the chipmaker is teaming up with rival Transmeta (TMTA:Nasdaq - news) to break into the lucrative server market and take on Intel (INTC:Nasdaq - news).
Transmeta was down 6.3%. Other chip stocks, after slumping at the open, turned positive. Intel was up 1.1% and the Phildadelphia Stock Exchange Semiconductor Index was up 2.4%. >>
Link is here
No comments from me - I just saw it and thought you guys might be interested.
A link to the original CNET story is here
<< Advanced Micro Devices (AMD:NYSE - news) rose 7% in midmorning trading after CNET News reported that the chipmaker is teaming up with rival Transmeta (TMTA:Nasdaq - news) to break into the lucrative server market and take on Intel (INTC:Nasdaq - news).
Transmeta was down 6.3%. Other chip stocks, after slumping at the open, turned positive. Intel was up 1.1% and the Phildadelphia Stock Exchange Semiconductor Index was up 2.4%. >>
Link is here
No comments from me - I just saw it and thought you guys might be interested.
A link to the original CNET story is here