Advanced Micro Devices Inc (AMD)

[I_banker]

" Cody Acree, an analyst with Legg Mason, said Intel's comments about weak demand for PCs are a bit of a surprise since PC leaders Dell, Hewlett-Packard and IBM all indicated in their recent quarterly updates that sales of computers, particularly notebooks, were fairly brisk. "There is a certain amount of disconnect here," Acree said."

What set of circumstances is consistant with PC sales being up while Intel processor sales are down? There can only be one answer.