James Covello really sounding like a broken record.
If you plot the the gross margin agains the Intel price, there seems to be a correlation over the last 10 years. There is likely some relationship between the two but it is not a cause-effect relationship. http://goo.gl/15yTm
Oh! Intel price allso shows a reasonable correlation with the QCOM PROFIT MARGIN too. http://goo.gl/M89OU