Intel Corp (INTC)

[Snowrider2]

Intel is frantically trying to hold onto share, sacrificing ASPs and revenues.

This is a price war and I gaurentee you AMD is doing the same thing. The only difference is that Intel baked this into their Q2 guidance and AMD didn't because AMD didn't plan or initiate the price war. This is a perfect move for INTC because it allows them to clear their old inventory, avoid write offs, and make room for the new product. All of this while driving down AMD's ASPs. Don't kid yourself, AMD's products aren't good enough to stand firm with this type of pricing preassure.

Snow