AMD's CTO says Intel messed up

There used to be an easy way to tell time in the processor business: Advanced Micro Devices would have three bad years and one good year, and Intel would have one bad year and three good years.

Strategic changes and new products like the Opteron, however, have transformed AMD from a company too often known for gaffes and financial losses into a major supplier of processors. Intel, meanwhile, has tripped over itself several times during the past three years.

Intel is now in a position to reverse its mistakes with a new line of chips. AMD's Chief Technology Officer Phil Hester, however, says that the smaller competitor isn't resting on its laurels. It continues to improve its chips and, with the acquisition of ATI, will release integrated chips for notebooks and other devices.