RE: "However AMD is stuck, AMD said in the Conference call that they CANNOT make more than 5.5 million chips/Q or 20-25 million/yr."
They never said they "CANNOT" make more than 5.5 mil chip/Q. The numbers they gave were just for guidance. Remember, AMD said they were going to make 4.9 mil processors in Q4.
RE: "Therefore AMD is doomed to at best earn 15c/Q for the next 4 Q's."
ONLY if ASPs stay at $88-89 AND the other businesses stay where they are now. According to Jerry at the CC, the other businesses will be flat in Q1, but will begin to rise in Q2. Jerry also said he is 99% sure ASPs will rise this Q.