The slide says AMD wants to "differentiate" themselves with low power products. Just how do they plan on doing that, exactly? Intel's processes are already at 22nm and not slowing down. AMD needs to focus on more performance for the buck.
First of all, their GPU strategy isn't changed. They will continue pursuing high performance discrete GPUs, as their strategy revolves around it (APUs are dependant on graphics power)
Secondly, to answer your question, AMD cannot compete with intel performance wise b/c intel has way more r+d money. Nobody can compete with them. AMD is going for the mobile market with their APU's, a sector they did very well in last year -- they can beat intel in this area. Their APU's offer way higher bang for the buck and intel , and have better iGPU performance.
Lastly, notty, you're linking a different person. I hesitate to read into this but AMD executed horrible on the CPU front last year, and they languished on their supply chain. This guy in sales probably deserved to be let go, their sales / marketing / execution has been terrible for some time in the cpu division.