Advanced Micro Devices Inc (AMD): AMD stock could jump on Intel case-repor...

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redneck277

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Sunday, 07/03/2005 9:32:07 PM

Sunday, July 03, 2005 9:32:07 PM

AMD stock could jump on Intel case-report
Sunday July 3, 6:44 pm ET

NEW YORK (Reuters) - Shares of chip maker Advanced Micro Devices Inc. (NYSE:AMD - News) could rise by as much as $8 if it wins its legal battle with its bigger rival Intel Corp. (NasdaqNM:INTC - News), according to a story in Barron's.

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AMD said last week it filed an antitrust suit against Intel, charging that it used everything from threats to kickbacks to coerce companies into buying its chips instead of AMD's.

One analyst, Tad LaFountain of Wells Fargo Securities, told Barron's he believes that AMD has a 75 percent chance of winning the case and that its stock could rise as much as $8 if this happens.

On Friday, AMD's stock rose 11 cents, or 0.6 percent, to close at $17.45 on the New York Stock Exchange.

The stock hit its 52-week high of $24.95 on Dec. 6, 2004, and its low for that