Advanced Micro Devices
agreed to supply
with the majority of its flash memory requirements for the next three years.
Nortel said it plans to implement the flash memory products to meet the continued growth in its optical, access, wireless and enterprise businesses.
New York Stock Exchange
composite trading, shares of AMD were recently trading up $2.38, or 11.7%, to $22.63. Nortel's shares were recently trading up $4.88, or 12.2%, to $44.88.