During times of universal deceit, telling the truth becomes a revolutionary act - George Orwell
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AMD sinks and so does Intel
It's an ill wind
Wed Jan 03 2007, 02:22
GOLDMAN SACHS downgraded AMD stock today, giving it a "sell" award because analysts think there will be an
increase in costs and more price competition from its competitor Intel (INTC).
That sent its share price down after the NYSE opened - it currently stands at $20.35.
But it's an ill wind that also sent down the INTC price to $20.25, a decline of 17 cents. ยต
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