Ati Technologies Inc

Chip maker Advanced Micro Devices Inc. said it had completed its takeover of graphic chip maker ATI Technologies Inc. in a cash and stock deal worth about $5.4 billion. The purchase of the Canadian company by Intel Corp.'s biggest rival for personal computer microprocessors could shift the balance of power in the chip industry in significant ways as AMD's product portfolio mushrooms. The acquisition gives Sunnyvale, Calif.

Chip maker Advanced Micro Devices Inc. said it had completed its takeover of graphic chip maker ATI Technologies Inc. in a cash and stock deal worth about $5.4 billion. The purchase of the Canadian company by Intel Corp.'s biggest rival for personal computer microprocessors could shift the balance of power in the chip industry in significant ways as AMD's product portfolio mushrooms. The acquisition gives Sunnyvale, Calif.

Advanced Micro Devices Inc. said Monday that it would buy graphics chip maker ATI Technologies Inc. in a $5.4-billion deal to press recent gains against industry goliath Intel Corp. The move expands AMD's offerings beyond the microprocessors that run computers to include a range of ancillary technologies that will enable the Sunnyvale, Calif.

Advanced Micro Devices Inc. said Monday that it would buy graphics chip maker ATI Technologies Inc. in a $5.4-billion deal to press recent gains against industry goliath Intel Corp. The move expands AMD's offerings beyond the microprocessors that run computers to include a range of ancillary technologies that will enable the Sunnyvale, Calif.

Advanced Micro Devices Inc. said it received a U.S. antitrust subpoena over graphics processors and cards, a market that it entered in October with the $5.4-billion acquisition of Canadian company ATI Technologies Inc. The Justice Department hasn't made any specific allegations against Advanced Micro or ATI, the Sunnyvale, Calif.-based company said in a statement. It plans to cooperate with the investigation.

Advanced Micro Devices Inc. and Nvidia Corp., the manufacturers of chips that make computer games more realistic, said the Justice Department had closed its probe into their graphics-processor pricing and marketing practices. The Justice Department began investigating Nvidia and AMD's ATI Technologies Inc. unit in 2006 as part of a price-fixing probe of the industry. The decision allows AMD and Nvidia to keep challenging Intel Corp. without the risk of monetary penalties or restrictions to their marketing practices.

Advanced Micro Devices Inc., the second-largest maker of personal computer processors, forecast that shipments would rise about 20% in 2007, twice the industry's rate. Gross margin, or sales minus the cost of goods sold, will climb to about 50% in 2007, Chief Financial Officer Robert Rivet said. That compares with an average of 47% over the last four quarters, he said. Chief Executive Hector Ruiz will seek to extend the company's gains against Intel Corp.

Start your engines! There are two days to go before the start of the Gateway Challenge 2001--the world's largest computer game tournament. In partnership with Intel Corp. and ATI Technologies Inc., Gateway Inc. will be playing host to the coast-to-coast tournament in all of its 296 Gateway Country stores Saturday to Nov. 25. The free tournament has been a popular event. Last year it drew more than 9,000 competitors. Players will compete on Sierra's NASCAR Racing 4 game.

Advanced Micro Devices Inc.'s fourth-quarter profit tumbled because of falling semiconductor prices sparked by Intel Corp.'s push to regain market share. Operating profit, excluding results of recently acquired ATI Technologies Inc., fell "substantially" from the third quarter, Sunnyvale, Calif.-based Advanced Micro said in a statement without elaborating. Sales, excluding ATI revenue, rose about 3% from the $1.33 billion reported in the previous period.

Still bleeding from a costly acquisition of a graphics chip company, Advanced Micro Devices Inc. slashed the value of that company by $1.6 billion in the fourth quarter, but with sales of microprocessors surging it managed to post a narrower loss than analysts had feared it would. Still, Sunnyvale, Calif.-based AMD's losses in 2007 were staggering, capping a brutal two-year stretch in which its market value has plunged from more than $20 billion to $3.5 billion. The stock has fallen from above $40 a share in early 2006 to nearly $5 in recent weeks.

Advanced Micro Devices Inc. acknowledged Wednesday that it overpaid in its $5.6-billion acquisition of graphics chip maker ATI Technologies Inc., adding to the deepening financial woes of the slumping semiconductor company. Sunnyvale, Calif.-based AMD, the world's No. 2 maker of microprocessors, behind Intel Corp.

Nvidia Corp., the best performer in the Nasdaq 100 index this year, said fiscal third-quarter profit rose 59% as the maker of chips that enhance computer graphics took market share from rival ATI Technologies Inc. Net income rose to $44.7 million, or 26 cents a share, from $28.1 million, or 17 cents, a year earlier. Revenue in the period ended Oct.28 rose 87% to $370.2 million from $198.2million, the firm said. Santa Clara, Calif.