Intel Unveils 2 Fast Chips

Intel Corp. introduced two faster versions of its flagship Pentium III microprocessor, further heating up the race with Advanced Micro Devices Inc. Intel will sell the new 850-megahertz and 866MHz Pentium III chips for $765 and $776, respectively. Intel’s latest chips can perform faster than AMD’s because they have extra memory included in the processor instead of an additional chip. Intel rose $5.13 to close at $135 in heavy Nasdaq trading.