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Hyperthreading?

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Correct me if I am wrong, but I think "hyperthreading (HT)" is an Intel technology that allows dual core CPU's to emulate quad core CPU's and therefore is only available on dual core CPU's. Now my question: In order for HT to offer any gain in speed, doesn't SW have to utilize the technology in its code? That said, is it really a big deal and doesn't the same SW utilization apply to quad cores?

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