Advanced Micro Devices Inc (AMD)

[jhalada]

wbmw,

Maybe if you assume the market slowed down (which goes against all indicators), and assumed that Intel forgot to warn (which goes against their entire history), you might have a case.

I see market (PC market) doing fine (unitwise) but ASPs under pressure.

I don't expect Intel to miss their (fairly wide) range of guidance, but given AMD warning, I suspect Intel will be below mid point of the guidance.

But that would point to low acceptance of Core 2 (which goes against all indicators), or a lower than expected ramp of Core 2 (also not expected). Actually, if anything, AMD's warning suggests even better news from Intel this quarter. Tomorrow might be a good time to buy some calls.

I think Core 2 is doing just fine, I just worry about ASPs. If Intel experienced same or higher unit growth as AMD without falling ASPs, there is a potential for Intel to have a great quarter.

Joe