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AMD: Another failing try to get back in game with Intel

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AMD (NYSE: AMD) will launch a new line of laptop chips, which may help conserve battery power. Who cares? The answer is, probably no one.

According to The Wall Street Journal, "The combination of chips is particularly good for entertainment applications that are driving many laptop purchases, according to Bahr Mahony, director of AMD's mobile business." And that puts AMD up against chips from much stronger rivals Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA).

AMD's share of the laptop market is about 14% and it has been falling. Several of its products have been late to market, which is unlikely to make it a favorite with PC and server companies that rely on chip delivery timing to launch products.

While there is some chance that the latest chips from AMD could help it get share back from the competition, Wall Street is betting otherwise. Over the last two years, AMD shares are off over 70% while Intel's are up over 30%. That means next to no one thinks the chip company can make a comeback.

Douglas A. McIntyre is an editor at 247wallst.com and author of the Ten Stocks Under $10 letter.

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Last updated: July 10, 2009: 05:42 AM

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