We don't see Intel starting transitions sooner as a disadvantage. We have historically sustained a competitive cost structure even though we start transitions after our competitor because we consistently complete those transitions very quickly. Now, this is partly because of our smaller size, but also because of our very high levels of operational efficiency. The end result is we fully convert our manufacturing to the next generation faster. This gives AMD more freedom to begin transitions when it makes the most sense for our customers and for our business. AMD is a different company and our business model and cost structure is optimized for the future of this industry.

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