Spinning off their entire manufacturing arm wasn't the end of AMD's new "asset light" business plan — the manufacturer has cut 500 jobs from its remaining workforce around the world. The worst news is that these cuts were planned before everyone became poor last month, so it's hard to shake the feeling that things still aren't going too well for AMD. It'd be sad to see processors become a one horse race, but that's what it's starting to look like. [Reuters]
Given the move toward palm devices becoming the primary computer for personal use, I think both AMD and Intel are in a race to change their business model. AMD is certainly in a much more problematic position, especially given Intel's efforts to develop processors for cell phones and other micro devices. That said, it is difficult to know which processor company will come out on top in the years ahead.