Advanced Micro Devices Inc (AMD)

[kpf]

wbmw Joe Osha from Merril used to say the same thing, quarter after quarter

Yeah. I did as well. Maybe Joe expected AMD to come back to a competitive product-mix way sooner - as I did.

You know stuffing the channel for increasing market shares works perfectly as long as users buy what the channel has to get rid of later. As soon as users demand something else, it can become really ugly.
So if AMDs offer in Q3 will be even more convincing than today (look at a flood of new products to be announced within the next couple of months and at more aggressive price moves) there is a fair chance to run into big trouble building inventory now.

However, I sure hope Intel will do what Dan Niles expects: Short term it prevents the AMD common to be destroyed on Friday, medium term it will be a lesson to learn for the channels: Even this market is driven by demand and not by an Almighty Santa Clara.

K.