Advanced Micro Devices Inc (AMD)

[bobs10]

you...

Wow... Not sure what information leads you to believe this, but so far

me...

I guess it's a matter of perspective, but INTC has been talking about CMW for so long now that that it feels like they should be flooding the market by now. Instead we're seeing dribs and drabs of production and I fully expect q3 to see another large gain in INTC's inventory despite CMW doing "incredibly well" as I'm sure INTC will insist. I'm not impressed and nothing so far leads me to believe that INTC has worked out the 65nm production kinks.

Yes, I expect that those that held through the latest downdraft aren't thinking at all about buying more, and those that sold probably think that it's way too early to get back in. Both positions are wrong, in my opinion, but then that's just me.

For me when 4X4 hits the market most of INTC's CMW advantages disappear as AMD will still own the high end server market and will have retaken the enthusiast performance/mindshare lead. Laptops will probably belong to INTC for awhile longer, but AMD will be more than competitive in most makets on a price/performance basis. I certainly don't see INTC retaking market share in q3, which for me is the acid test of how well CMW performs.

We'll have to see how much CMW hurts AMD's GMs and bottom line, but I believe AMD will continue to earn more per share than INTC.