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AMD Shares Crash on Goldman Sachs Downgrade

Arik Hesseldahl in News on May 16 at 12:40 pm PT

Shares of chipmaker Advanced Micro Devices have fallen by more than 13 percent today following word of a downgrade to “sell” by Goldman Sachs analyst James Covello. With sales of PCs slowing to rates not seen since records have been kept, the outlook for AMD, Covello argues, despite winning supply contracts from both Microsoft and Sony in forthcoming gaming systems, doesn’t justify its recent rise to as high as $4.40 a share. AMD was trading at $3.80 a share, down 59 cents with 30 minutes to go in the session.

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Twitch App for Xbox 360 Will Let You Watch (But Not Stream) Game Videos

Eric Johnson in Media on May 14 at 6:01 am PT

Videogame video-streaming service Twitch is getting an Xbox 360 app, the company announced today. The app will let owners of Microsoft’s console watch any of the site’s top 300 live channels, though it will not let them make their own videos, one of the features Sony has promised for its upcoming PlayStation 4. However, a Twitch spokesperson said Microsoft will show off the app in more detail shortly after its next-generation console event, “Xbox Revealed,” next week.

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Microsoft Will Unveil New Xbox May 21

Eric Johnson in Product News on April 24 at 12:08 pm PT

Microsoft will show off its next-generation Xbox videogame console at its Redmond, Wash., campus on May 21, according to invitations sent to reporters today. The Verge previously reported that the new Xbox, code-named Durango, will interact with owners’ cable boxes. Microsoft’s Nancy Tellem and Yusuf Mehdi shared numbers about its current living room fixture, the seven-year-old Xbox 360, at D: Dive Into Media in February.