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AMD looks to shed Communications Group

ZDNN, US ZDNet US

Published: 07 Oct 1999 09:51 BST

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Advanced Micro Devices said late Wednesday it intends to sell its Communications Group.

The chip maker, which made the announcement following the announcement of a $105.5 million third quarter loss, has engaged Donaldson, Lufkin, & Jenrette and Salomon Smith Barney to find a buyer.

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