Industry experts expected that AMD’s (AMD) last best hope for getting back into competition with Intel (INTC) for server market share would have a clock speed of 2.7 gigahertz to 2.8 gigahertz The first versions will be slower than that at about 2 gig.

As The Wall Street Journal points out "any initial performance advantage over Intel will be less clear-cut." AMD has indicated that the chip would outperform comparable Intel products by as much as 40%.

AMD continues its record of disappointing Wall St. As margins fell last year and the company moved to a loss. The company’s shares are down 40% over the last year.

AMD’s shares are up only .4% in early trading. That tells the whole story.

Douglas A. McIntyre can be reached at [email protected].

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