Continued Inflation Concerns?
Markets took another dive today, Dow down 77 to 11,128. It has fallen nearly 300 points in the last two sessions.
Dell Computers are going to start using AMD chips, although it’s just a small category of units (servers using dual-core Opterons)
Rumors about Dell’s adoption of AMD chips have been circulating for months, and some analysts have suggested that the company’s Intel-only policy was hurting business. The deal also is a major win for AMD, which had little presence in the server market until it released its Opteron processor in 2003. The critically acclaimed chip put Intel in the rare position of having to play catch-up with its smaller rival.
In extended-session trading, shares of Dell rose 82 cents, or 3.4 percent, to $24.77 and AMD stock jumped $3.93, or nearly 13 percent, to $35.28 after Dell disclosed the deal as part of its first-quarter earnings report.