Intel Sharpens Its Offensive Game

After another rough quarter, it's rolling out new chips to counter smaller archrival AMD

For months, most of the news from chipmaker Intel (INTC) has been bad. With rival Advanced Micro Devices (AMD) logging steady gains in the markets for PC and corporate server chips, Intel’s inventories piled up, pushing its gross margins last quarter below AMD’s for the first time. Meantime, its stock is trading at about $18, down from a peak of $29 a year ago. And on July 19, Intel reported another disappointing quarter, with revenues sliding 13%, to $8 billion, and net income falling 57%, to $885 million.

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