Advanced Micro Devices Inc (AMD)

[mas]

I find that figure very hard to believe but anything is possible I suppose. Intel is not imploding, just using its excess 65nm capacity to deny AMD marketshare. Sort of like the scorched earth policy of the Russians when they retreated to Moscow waiting for the Siberian (Core 2) reinforcements to push the Germans (AMD) back. It's been obvious to me for sometime that with all this excess capacity on both sides fighting for the same large but finite market, prices would be slashed pretty close to the bone to sell products. AMD could be in for some stiff trouble starting from Q4 as Core 2 ramps and 65nm and K8L are MIA to combat it. If I was holding AMD now I would sell before Q4 earnings and at the same time switch to INTC before their Q4 earnings as that will be the big share price switchover as last Q4 was too. Things may change again once big L3 cache dual-core K8Ls come on stream but that could be another year away at least which again may manifest itself in the share price in Q407.