AMD's 'Frantic Price Cuts' May Pressure Intel

kog777 writes: Price competition is sparking up again between the world's largest chip makers, Intel Corp. (Nasdaq: INTC) and Advanced Micro Devices (NYSE: AMD). As Intel took a technological lead late last year, AMD responded with "frantic price cuts" after a weak start to its first quarter, Needham analyst Y. Edwin Mok said in a note to clients on Tuesday.