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AMD (AMD) shareholders have on their rally caps. The shares are up 9% to $5.77.
PC sales growth for the last quarter was better than expected. MarketWatch writes, Worldwide shipments grew 3.1% from the first quarter, and 16.1% from the year-earlier period based on numbers from International Data Corp.
The increase in AMD's shares shows that its investors are reaching for news. In the quarter, "Intel's processor shipments alone grew nearly 4.3% over the first quarter and 20.8% year over year, while Advanced Micro Devices Inc.processor shipments were flat"
The data would seem to be more exciting for Dell (DELL), Hewlett-Packard (HPQ), and Apple (AAPL). Of course their shares are not down 55% over the last year like AMD's are.
Douglas A. McIntyre
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