AMD have a lot in the pipeline.
If you take out Piledriver,-
New servers, New CPU's, New APU's, New GPU's, Nintendo already bagged, Hardware for Microsoft's xbox 720 and Sony's PS4 are a strong possibility. and Tablet chip's also done and ready.
That's a lot, and all of it coming in 2013, if they can survive until then, they will be just fine.
@ wingman99, AMD are making cuts because of a 10% revenue fall, Intel have fallen 14% http://online.wsj.com/article/SB10000872396390443854204578060943152675174.html?ru=MKTW&mod=MKTW
New products but lower sales. AMD is still losing market % in almost everything.
Piledriver won't be next A64 so I doubt that anything will change anytime soon.
FM2 socket is planned to last about 1 year or something what is also bad idea.
In plans is to move all cpu series to apu platform and make 1 socket for all but that's in about 2 years ( if I remember it good ).
AMD in server market has really low % so no matter what will they do, it won't convince companies to move to their stuff. I'm working in IT for about 10 years and almost noone wants to even hear about servers on AMD. Good or not , people are used to Intel and they trust it much more on business market. About the same is with business notebooks where AMD almost doesn't exist.
Office computers are biggest % of all computer sales and most are running on Intel cpu/ intel gfx card. Biggest gfx card seller is still Intel.
APU seems good but is still losing with Intel because of poor cpu performance ( especially in notebooks ). Even though gfx is on good level then noone really cares on mass market as it's still too slow to play newer games and for browsing web or general office work Intel HD2000/3000/4000 is good enough but cpu is faster.
Forum members are generally enthusiasts and most have a bit other point of view. I bet that someone will say that APU is great and is beating Intel on the same price point. It just doesn't look so good in real sales.
AMD won't disappear from market so fast but while they are moving to mobile devices and consoles then desktop users will lose a lot.
Intel already doesn't care to speed up their new series and for example we will see DDR4 faster only because of Samsung/Hynix that already wish to earn some higher profit from already available technology.