AMD Shares up 22%, New 52-week High
Submitted by theStockMasters... on Thu, 11/12/2009 - 20:44
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Advanced Micro Devices, Inc. (NYSE:AMD) shares hit a new 52-week high of $6.73 a share, today's 22% increase is fueling buying as AMD shares back down to the $6.45 level.
Intel is forking out $1.25 billion to AMD, its poetic justice for AMD and its shareholders.
INSTANT CASH
Intel Corp. (INTC) has agreed to pay its biggest rival, Advanced Micro Devices Inc. (AMD), $1.25 billion as a part of a legal settlement that will end 
the four-year dispute that has taken place between the companies.
That news is making AMD shareholders and traders jump for joy, AMD shares are up 21% heading into the final hours of trading.
Intel shares are doing well on the news, they are only down less than 1% today and are just under $20.
Expect the analysts to weigh in on this latest battle between Intel and AMD, new price targets could be coming on AMD shares.
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