Advanced Micro Devices Inc (AMD)

[imho]

sgolds,

whether or not Intel's layoffs will make them more competitive with AMD...

The layoff's will have a minimum impact on Intel's competitiveness. Intel's NGMA has more than enough horsepower to challange and beat AMD. The purpose of the layoff's are to reduce costs and return more than the usual profits to the company and help raise the stock price. That is why after the initial reaction, you will see the stock market (as in most cases) react positively to these type of announcements.

IMHO