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HEXUS.sharewatch: AMD jumps nearly 30% after Intel settlement

by Scott Bicheno on 16 November 2009, 12:55

Tags: Intel (NASDAQ:INTC), AMD (NYSE:AMD)

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As we expected, AMD was the big gainer last week, with Intel's agreement to pay it $1.25 billion in settlement of the legal disputes between the chip rivals propelling AMD shares up by nearly 30 percent to its highest level since mid 2008.

As covered extensively on HEXUS, as well as giving AMD some much needed cash-flow help, the deal also potentially enables both companies to draw a line under the whole affair and get on with making lovely new processors.

Interestingly, the news seems to have had minimal effect on Intel's share price. While, on one hand, $1.25 billion is a lot of money, on the other Intel could have been stung for a lot more if the case went to trial.

Elsewhere, we have positive movement for all our stocks this week as markets continue to shake off the wobble of two weeks ago. Among the other notable gainers are ARM, which continues invest in its technology ecosystem, and Apple, which has seen its share price double this year and consistently trade at record highs.

Company Listing Share price 25/10/09 Share price 1/11/09 Share price 8/11/09 Share price 16/11/09 8-day change Market cap (bn)
AMD AMD 5.60 4.60 5.04 6.53 29.6% 4.38
Apple AAPL 203.94 188.50 194.34 204.45 5.2% 184.14
ARM ARMH 7.40 7.27 7.52 7.98 6.1% 3.40
Avnet AVT 26.18 24.78 26.40 27.53 4.3% 4.16
Dell DELL 15.48 14.49 14.86 15.40 3.6% 30.12
Google GOOG 553.69 536.12 551.10 572.05 3.8% 181.49
HP HPQ 48.56 47.46 49.16 49.91 1.5% 118.34
IBM IBM 120.36 120.61 123.49 127.03 2.9% 166.87
Ingram Micro IM 17.33 17.65 18.23 18.69 2.5% 3.06
Intel INTC 19.78 19.11 18.93 19.82 4.7% 109.45
Microsoft MSFT 28.02 27.73 28.52 29.63 3.9% 263.09
Nvidia NVDA 13.15 11.96 13.16 13.56 3.0% 7.43
Qualcomm QCOM 40.70 41.33 43.90 45.77 4.3% 76.45
Tech Data TECD 40.48 38.43 40.60 41.88 3.2% 2.11
Dow .DJI 9972.18 9712.73 10023.42 10270.47 2.5% N/A
FTSE 100 .FTSE 5242.57 5044.55 5142.72 5296.38 3.0% N/A
NASDAQ .IXIC 2154.47 2045.11 2112.44 2167.88 2.6% N/A


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