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AMD Blinks in Intel Battle

Stock quotes in this article: AMD , INTC  

Slowing demand for PCs and the beginnings of a price war with Intel have taken their toll on Advanced Micro Devices, which lowered its second-quarter sales forecast late Thursday.

The news wasn't completely unexpected; some analysts had already lowered their sales estimates, and the selloff that followed wasn't terribly sharp in the wake of a broader market working back from opening losses.

In recent trading on Friday, shares of AMD were off 39 cents, or 1.6%, to $23.44, while Intel had gained 3 cents to $18.88. ...

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