Peter's quarterly preview post referenced some interesting things about Intel's just-completed quarter. The biggest one, of course, is the played-out pricing situation Intel and rival AMD had in the first three months of 2007. This has been going on for years and years and have had intense and relaxed periods.

AMD, the scrappy underdog, has beaten Intel on many fronts in the last few years and has taken marketshare as a result (while sacrificing margins). Intel, though, has fought back, and in 2006 the company was battling front and center with its smaller rival in the desktop PC chip market.

AMD just admitted last week that gross margin pressures has hurt it (due to price wars with Intel), and the same concern is now sitting in Intel's court. Will its Q1 results reflect a dampened margin environment based on it competing handily with its smaller rival? Click here to see the details on Intel's just-released Q1 results, then follow the liveblog below.

Let's find out, shall we? Remember to use the "Refresh" button on your web browser to refresh your screen every few minutes as updates occur to this post. All times below are in EST.