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Megahertz madness continues next month when Intel releases a 1.13-GHz Pentium III on July 31.

The new chip, likely one of the last versions of the Pentium III for desktop systems, will mark yet another milestone in the escalating performance war between Intel and rival Advanced Micro Devices.

Since last August when AMD released its Athlon processor, the two companies have competed for the right to the chip speed crown. That trophy has changed hands a number of times.

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