Correct, it's neither an investor´s point of view, nor is it AMD´s, but it still is a correct one given Intel's inability to clock-ramp Prescott past 4 GHz in the immediate future.
What would happen if the rumors are true about some kind of outsourcing agreement or AMD buyout of fab space...then maybe AMD can manufacture enough opterons, semprons, and A64's throughout the end of the year...intel would have to dramatically drop their own prices...then quick everyone buy puts on intel...;>)