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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| September 02, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TECHNOLOGY

AMD revs attack on chip market

Advanced Micro Devices CEO Hector Ruiz said the chipmaker plans to break rival Intel's "monopoly" in the chip industry, predicting that in 3-5 years AMD could be part of "true duopoly." AMD aims to increase its share of the dollars spent on microprocessors from less than 10% to more than 25%, he told Reuters. AMD said a strong Sept. will let it meet its quarterly outlook after weak July and August sales. Shares rose 2% to 11.70.

Open Text plunges on Q4 results

The document management software maker's shares fell 22.5% to 16.72, their lowest since Aug. '03 after Open Text missed views of 28 cents a share by a penny and warned that its Q1 profit would be 7-12 cents a share, well below views of 24 cents. It blamed the shortfall on recent acquisitions, including Tuesday's buyout of Vista Plus for $24 mil. The firm stood by its '05 forecast of $1.10-$1.30 a share.

Logitech focuses on laser mouse

The computing products maker will start selling the Logitech MX1000, a mouse that uses a sensor based on a laser. Logitech says the laser-tracking technology works on more surfaces and offers 20 times the sensitivity the LED-based optical mouse. The MX1000 costs $80. Shares rose 1% to 45.70.

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