The two companies were building the Itanium chip, an expensive, energy-intensive processor that cost billions to develop, gained few customers, offered middling performance and was shuttled to the sidelines.

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But what's bad for energy companies is good for everybody else--especially Asia's fuel-intensive airlines and manufacturing giants.

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The companies involved read like a Who's Who of industrial America: high-value, energy-intensive businesses like steel, aluminum, plastics, glass, vehicles and packaging.

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