Seeking Alpha Seeking Alpha Portfolio App for iPad  Rob Zenilman
submits: Partly as a result of AMD's (AMD) encroaching on its
turf, Intel (INTC) has announced 10,500 job cuts, which it deems
necessary to make the company leaner and meaner. Although both
stocks are down since the beginning of the year (14.3% for AMD
and 18.6% for Intel), I thought I would get a better picture by
investigating some fundamentals.  Revenue & Income: Wall Street
has every right to be concerned about Intel. Over the past few
years, its annual revenue growth has flattened (to about 13.5%),
but operating income growth has fallen from 94% in 2002 to 19%
in 2005. For the past 12 months, both revenue and operating
income growth have plummeted to about 1% and -18%, respectively:
During the same period, AMD has only been profitable in 2004 &
2005. From 2004 to 2005, operating income grew 4.4%. Revenue
growth has been erratic, as indicated in the following chart:
Margin & Expenses: AMD's gross margins were growing faster than
Intel's, b