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Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

AMD Gets Subpoena in Graphics Chip Probe [Business Week] and AMD Tries To Leapfrog Intel By Showing Single-Die, Quad-Core Server Processor [Information Week]

Summary: The Justice Department issued a subpoena to Advanced Micro Devices Inc. Thursday regarding an investigation into possible antitrust violations in the graphics processors and cards business. AMD bought ATI Technologies Inc. earlier this year and entered into the graphics processor business. According to AMD, the Justice Department has not yet leveled any specific allegations against AMD or ATI and the scope of the Justice Department investigation is as of yet unclear. In other news, AMD tried to close the gap that rival Intel created when it came out with its line of quad-core processors this fall on Thursday by demonstrating the first native quad-core x86 server processor at its annual Industry Analyst Forum in Berkeley, though AMD's new processor family won't be ready to ship until mid-2007.
Related links: Press Release Media coverage: MarketWatch. Commentary: ATI Technologies Acquired by AMDAMD's ATI Purchase Means an Edge Against IntelHow Will Advanced Micro Devices Come Up With the Money for the ATI Acquisition?AMD Earnings Squeezed By ATI Acquisition?Intel's New Chips May Reduce R&D Outlays; Can AMD Compete?. Conference call transcripts: AMD Q3 2006AMD Q2 2006.
Potentially impacted stocks and ETFs: Advanced Micro Devices (AMD), Allegheny Technologies Incorporated (ATI) • Copetitors: Intel (INTC), Nvidia (NVDA) • ETFs: iShares Goldman Sachs Semiconductor (IGW), Semiconductor HOLDRs (SMH).

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Source: AMD Subpoenaed By DoJ; Unveils New Processor Family