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  ATI, Xbox Deal: First Consequences
Time: 03:33 EST/08:33 GMT | News Source: TeamXbox.com | Posted By: AWAngelo

After ATI said on Thursday it struck a deal with Microsoft to develop graphics technology for the Xbox successor, shares of the Ontario-based graphics chip maker jumped more than 12 percent at the open on Nasdaq, rising $1.52 to $13.77 with more than 4 million shares traded, making it the most active stock on the exchange. Meanwhile, nVIDIA's stock fell 53 cents to $16.25.

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