Intel Corp (INTC)

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Hetor Ruiz of AMD has single handedly guaranteed the success of Intel's Itanium.
In his summary speech today at the AMD analyst meeting, he publicly called the Itanium a "dud".
This is the precise word that Jerry Sanders used to describe Intel's Pentium 4 - which subsequently went on to leave AMD almost a GHz behind in speed and with 5 consecutive quarterly losses - leading to AMD's loss of half their market share in x86 processors - and a massive restructuring that is just beginning.
Basically, Hector and AMD are scared shitless.
Dirk Meyer appeared thin, gaunt, tense and obviously under huge pressure after his hammer chip has slipped by nearly two years and still isn't in the market place.
If body language is any key, AMD is in a world of hurt - and they know it.

-SZ