TECHNOLOGY - June 19, 1992
From Times Staff and Wire Reports
AMD Stock Plummets on Legal Verdict: Shares of chip maker Advanced Micro Devices lost more than a third of their value in the wake of a jury verdict that disrupts plans for a crucial new product. AMD was the most-active issue on the New York Stock Exchange, falling $5.50 to close at $9. A jury ruled late Wednesday that AMD did not have the rights to use special chip software developed by Intel, a decision that threatens to derail AMD’s planned rollout of a clone of Intel’s 486 computer-on-a-chip. Intel, which has been hurt by fierce competition from AMD in the 386 chip market, saw its stock jump $3.25 to $51 a share in over-the-counter trading.
