A few things:

1) Great, if obvious, title.

2) This is The Register, so it could be all bullshit.

3) Timothy Prickett Morgan:

Intel’s point in hosting Thursday’s meeting with journos and in telling this story about the meeting with Bechtolsheim is that the company wants to demonstrate that it has not been caught by surprise by either the advent of microservers or the movement of the ARM architecture from the smartphone and embedded spaces into the data center.

As the saying goes: if they weren’t too stupid to see the writing on the wall, then they were too incompetent to do anything about it. It’s never clear which is worse.

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    Time to get some beer and chips
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