advanced micro devices

Shares of Intel Corp. and Advanced Micro Devices Inc., the world's top makers of computer processors, rose sharply Tuesday, as the chip giants geared up for a new skirmish in the server market.

Nov. 12 -- Joanne Feeney, an analyst at FTN Midwest Securities, talks with Bloomberg's Carol Massar, Jon Erlichman and Adam Jonson about Intel Corp.'s agreement to pay Advanced Micro Devices Inc.

Update: Intel has now updated its Fourth-quarter financial expectations:

UPGRADES: Goldman Sachs upgraded POSCO (NYSE: PKX) to Buy and added the stock to their Conviction Buy List with a $150 price target.

Lazard Capital Markets upgrades shares of DryShips (Nasdaq: DRYS) from Hold to Buy. Benchmark upgrades Yahoo!

(Nasdaq: YHOO) from Hold to Buy. Price target raised from $16 to $20.

Westell Technologies Inc. (Nasdaq: WSTL) 21% HIGHER; reports Q1 EPS of $0.04, 9 cents better than the analyst estimate of ($0.05).

Revenue for the quarter was $40.5 million, versus the consensus of $42.65 million. Oriental Financial Group (NYSE: OFG) 18% HIGHER; reports Q2 EPS of $2.04, versus the analyst estimate of $0.64.

Advanced Micro Devices (NYSE: AMD) 12.5% LOWER; reports Q2 loss of $0.49, (including a $0.13 favorable impact), or a loss of $0.62, versus the analyst estimate of ($0.47).

The European Commission on Wednesday fined Intel a record €1.06 billion ($1.44 billion) for abusing its dominance in the market for computer chips to exclude Advanced Micro Devices, which is Intel’s only serious rival.The E.U. competition commissioner, Neelie Kroes, said the penalty against Intel.

The European Commission said Intel had abused its position of dominance in the microchip markets to exclude its rival Advanced Micro Devices.