AMD has always been behind Intel in the performance area for most of its life.
Well, there was the Athlon - era where they were sweeping the floors with Intel; the classic Athlons and Athlon XPs were phenomenal CPUs at the time and highly overclockable. It was glorious, but yeah, I think that was pretty much the only time they beat Intel.
Lets hope AMD gets their shit together. As I've said before. The fat lady hasn't sung yet on AMD but she is warming up in the bullpit. Lets hope that as she waddles up on stage AMD pulls a rabbit out of the hat and she falls off the stage into a tuba.
I really, *REALLY* hope they can manage to do it, but.. I just haven't heard any promising news in that regards anywhere. There's quite literally nothing to indicate that AMD has in any way or form stopped digging even further down the hole they are already in. I do dread the day when Intel becomes the sole x86 - vendor and can practically demand whatever they want, do whatever they want and laugh all the way to the bank.