AMD strictly moderated (AMD)

[wbmw]

Keith, I think Intel has a better chance of growth through improving the TAM and introducing platform solutions that grow ASPs and margins, and get more communications products into the end-user package. Intel has a good strategy, IMO, and things like the Apple and Micron deals have quite a nice possibility for incremental revenue.

And also the fact that investors have priced Intel below the S&P right now, when they are one of the highest margin businesses on Wall Street, and they are still hitting record revenues and unit sales. It's getting harder not to justify a strong buy.