At a shareholder meeting AMD's CEO Hector Ruiz explained that his company has a "tsunami of new products" coming down the pipeline over the next year.
The first shareholder asked why AMD was behind Intel on process technology and Hector Ruiz pointed out that Chipzilla has a lot more marketing and R&D than his firm.
He said: "It's pretty clear to me the two companies have been quite different from the very beginning. Opteron for three or four years was the standard in performance and there was no product that matched it."
AMD's wafer diameter was still 200mm then and it did very well in spite of the process lead Intel had.
Ruiz said that AMD will introduce 45 nanometre chips in the middle of 2008. He said AMD has acknowledged it could have done things in Q4 and Q1 better.
"We have a tsunami of new products coming down the pipeline over the next 12 months," he said.