Intel Corp (INTC)

[chipguy]

Intel's very lucrative Xeon business is a giant target and competitors can attack some holes in the roadmap.

And it took 18 years of considerable investment and consistent
execution and about a dozen generations of products, each building
on the lessons of the last, to achieve the position Intel has today -
taking about 2 out every 3 dollars spent on server hardware today.

Competitors can scheme and dream all they want but customers
are very conservative. It will take hundreds of millions of dollars
and multiple product generations to get even a toe hold. Intel won't
be standing still either. It appears to be setting up what some might
call a defense-in-depth with new Atom products being the first line.

Then there the benefits of incumbency - server software targets x86
first and increasingly nothing second.