I agree that Intel margins are pretty high. But at 50% margins, when there is a shift, they can move the price point down some. I just re-read your article an

I agree that Intel margins are pretty high. But at 50% margins, when there is a shift, they can move the price point down some. I just re-read your article and it appears to be mostly about the mid->low power market (ie, Atoms from Intel) as an example. The Server article posted is about the high end Intel chips, the $4500 ones you find in servers. Your post is spot on about Intel in general, I think at the low ends we will start to see more shifts away from x86 at the desktop / laptop levels as other chipsets become faster / highly available. But I think in the server space, Intel has lots of running room left in the x86 space. Morgan is a very smart guy, but I think his reliance on Gartner may have pulled him off the mark.