Midday Reminder

Advanced Micro releases results tonight after the close and will have a conference call at 5:00 EST. The key factors regarding AMD's results are the ability to grow market share and maintain margins. Intel, after lowering guidance at its mid quarter update, unequivably stated that it would start targeting market share at the expense of margins, or in as plain English as English can be, Intel will compete on price at any cost to maintain or increase share. This sounds like a good old-fashioned price war. Since that time, Intel's stock is down big and AMD has maintained its value.

It will be fascinating to see to if little AMD can compete against the big Intel machine. More to come after the call.