Michael, <I would suggest that that can work only in a growth business.>
You give Dan much more credit than he deserves. Like you said, competition exists and will continue to exist, even if one competitor falls. That's why I ended my message with the prospect of an Asian company rising to challenge Intel. Heck, it might be that said Asian company will buy AMD at a rock-bottom price.
But a growth business will necessarily have lots of room for competition. Look at processors during the golden years of the 90's. There were at least three real players: Intel, Cyrix, and AMD. And let's not forget about the up-n-comers like Rise, IDT, and Transmeta. Some showed promise, and some fell by the wayside.
But the competition was there, and the competition always gave Intel a reason to push forward with new products and new innovations. Dan's comments are pure B.S., as usual, because he likes to revise history to make AMD look like the second coming of Christ.
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