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On first blush, investors warmed to Advanced Micro Devices'(AMD Quote) plan to sell its flash memory unit in an initial offering.
But will they feel the same way in the morning?
The company will be letting go of a third of its revenue base in return for ending its exposure to violent fluctuations in supply and prices that characterize this commodity memory. Without flash memory, AMD will now be solely a maker of computer microprocessors. ...
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