You guys are way underinformed, except for Patriot. I own both AMD and INTC very long term, follow them closely. And even if you don't know the companies inside out that well, all you'd have to do would be read the financial news regularly to know of at least several downgrades of AMD, in addition to INTC. In fact, the count was about 3x as many "downs" for AMD. Shoot, just look at Wednesday's trading
BEFORE the Intel warning - AMD was down 20+ %, Intel was down ~4%.
Open your eyes - the whole market is going down. Not because of a few flubs by Intel lately, but because of the EURO valuation. The "lower demand warning" is just double-speak by the anal-ysts to say basically the same thing (ie. the lower EURO value vs. the dollar).
If I had to buy INTC or AMD at this point, it's a no brainer. INTC all the way. Ignore the CPU portion of their business, they have so many other things on the table (and which are not experiencing the problems like their CPU business

). DSP, StrongARM and Bluetooth, majorly growing in servers, likewise in hosting, the list goes on. Not to mention their holdings in other companies. Intel can make as much off their investments in a quarter as AMD can off their sales.
Hate Intel all you want, I could care less, but don't let your hate obscure reality. And BTW, welcome to 1987 all over again ...