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SAN FRANCISCO -- Advanced Micro Devices(AMD Quote) made what may have been the most eagerly-anticipated announcement in the chip business Tuesday, providing details on a plan to split the company into two entities.
Investors greeted the news with joy, sending AMD's battered shares up more than 18% in midday trading.
But investors are not under any illusion that the change will instantly fix all the problems plaguing AMD, or put it back on equal footing in its battle with Intel(INTC Quote), the world's No.1 chipmaker. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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