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AMD UNDERCUTS INTEL WITH LATEST CHIP PRICES


Advanced Micro Devices Inc. finally agreed to reduce the price of its 1-GHz Athlon microprocessors, introducing its 1.1-GHz Athlon in the process.

While AMD (stock: AMD) previously disclosed that the new 1.1-GHz Athlon will be available on Aug. 28, the company didn't disclose its price. However, both of AMD's new chips are available at substantial discounts to comparable Pentium III processors from Intel Corp. (stock: INTC).

"The bottom line on the news today is that we are seeing outstanding frequency distribution on our processors, and we can manufacture high volumes of the higher-frequency processors," said a spokesman for AMD, Sunnyvale, Calif.

The 1.1-GHz Athlon will ship Aug. 28 at $853, in 1,000-unit lots, while the price of the 1-GHz chip was reduced, to $612. Previously, the 1-GHz Athlon was available for $990.

"What a difference a year makes," said W.J. Sanders III, chairman and CEO. "The AMD Athlon and AMD Duron processors are reshaping the landscape of the PC industry."

Intel has priced both the 1.13-GHz and the 1-GHz version of its Pentium III at $990, in limited production quantities, an anomaly that will be rectified with Intel's next pricing revision, said a spokesman for Intel, Santa Clara, Calif. Intel's next pricing revision is expected soon, probably within the next few weeks.

AMD also made several other pricing alterations, lowering the price of its 950-MHz and 900-MHz chips to $460 and $350, respectively. The 850-MHz and 800-MHz Athlons were reduced, to $282 and $215, respectively, each in 1,000-unit quantities.

AMD also lowered the prices of its low-cost Duron chip. The 700-MHz, 650-MHz, and 600-MHz AMD Duron processors are now priced at $138, $103, and $79 respectively, each in 1,000-unit quantities.

GO-KARTS, EYE AND EAR DROPS RECALLED
The Consumer Product Safety Commission Monday announced the recall of 91,000 go-karts and the Food and Drug Administration warned Rich's MSM Eye & Ear Drops may be contaminated with yeast and a bacteria that can cause sight-threatening injuries. Full Story

FORD: FIRESTONE PLANT HAD QUALITY PROBLEMS
Tires made at the Firestone plant in Decatur, Ill., during the mid-1990s had numerous quality control problems, according to data released by Ford Motor Co. Monday. Full Story

NEWS CORP. TO ACQUIRE CHRIS-CRAFT
Rupert Murdoch's News Corp. (NYSE:NWS), owner of the Fox Television Network, announced Monday that it will acquire Chris-Craft (NYSE:CCN) and subsidiaries for about $5.35 billion, about $2.13 billion in cash and approximately 73 million American depositary receipts Full Story

WRAP: BROADCOM TO BUY NEWPORT COMMUNICATIONS FOR $1.24 BILLION
Broadcom Corporation, the provider of integrated circuits enabling high speed broadband communications, said Monday it has agreed to buy optical communications chip maker NewPort Communications Inc. in a stock deal worth $1.24 billion, extending Broadcom's reach in the Full Story

Sithe Energies, Inc. announced today that it has entered into a definitive agreement with PECO Energy Company (NYSE: PE) under which PECO will acquire 49.9% of Sithe North America. Upon completion of the agreement, the remaining 50.1% of Sithe North America Full Story


The European Union (EU) said Monday that it has granted regulatory clearance to France Telecom's acquisition of the sole control over the British mobile phone operator Orange. Full Story




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