AMD have just announced that they expect a decline in 2nd quarter sales from the 1st - but still predict they will be 52% above the same period last year - which ain't half bad.
The business press is stating that this must mean that Intel's price slashing and new products are finally beginning to slow AMD's recent growth spurt. I'm not so sure - as AMD apparently had a sizzling quarter for their key server chips.
My guess is that these results may reflect a general slowdown in the PC industry - particularly in the US. Intel have a way to go before they hurt AMD again and we can expect quite a basket case set of results from them in the coming weeks.