Chip and networking company AMD has introduced a 1Mbps home networking solution to link multiple PCs via telephone wires.
The products, co-developed with US company TUTm, allows AMD's Ethernet silicon to connect two or more PCs within a dwelling.
The technology, dubbed Home Run, is set to take advantage of the trend for more and more prosperous households - so far mainly in the US - to have more than two PCs. The system will enable people to play games and to share applications across the existing telephone wiring system.
AMD has also announced that it hopes to aise an additional $400 million on the US markets.
The offering was filed with the Securities and Exchange Commission yesterday and consists of subordinated notes that are convertible into common stock.
AMD will use the money for capital expenditure, working capital and "general corporate purposes".
At present, AMD is engaged in building a large fabrication plant in Dresden, Germany, and has loans against this project.
On Thursday, the AMD board will face its shareholders, with the prospect of a stormy meeting (see separate story).
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