17:34 ET AMD UNDERCUTS INTEL WITH LATEST CHIP PRICES
Aug 14, 2000 (Tech Web - CMP via COMTEX) -- 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
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
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
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.
Copyright (C) 2000 CMP Media Inc.
17:34 ET GO-KARTS, EYE AND EAR DROPS RECALLED
WASHINGTON, Aug. 14 (UPI) -- 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.
17:34 ET FORD: FIRESTONE PLANT HAD QUALITY PROBLEMS
DETROIT, Aug. 14 (UPI) -- 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.
17:34 ET NEWS CORP. TO ACQUIRE CHRIS-CRAFT
New York, Aug 14, 2000 (123Jump via COMTEX) -- 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
17:34 ET WRAP: BROADCOM TO BUY NEWPORT COMMUNICATIONS FOR $1.24 BILLION
By BridgeNews New York--Aug. 14--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
14:49 ET SITHE TO SELL 49.9% OF NORTH AMERICAN ASSETS TO PECO ENERGY
NEW YORK, Aug 14, 2000 /PRNewswire via COMTEX/ -- 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
14:49 ET EU APPROVES FRANCE TELECOM'S ACQUISITION OF BRITAIN'S ORANGE
BRUSSELS (Aug. 14) XINHUA - 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.