AMD though they run at a slower clock speed than their Intel equivalents are named for the equivalent Intel Processor speed. So mines for instance is an AMD 3500+ and is approximatly equivalent in power to an Intel 3.5 Ghz. It doesn't matter what the actual speed of the chip is its the way it handles information. You can read up on the subject if you wish but if you're confused now wait till you start to read about processor architecture etc etc.
Lets put it another way. You have 2 PCs. One has an Intel Pentium running at 3.5 ghz the other has an AMD chip 3500+ running at whatever it doesn't matter. Assuming both PCs have the same other hardware, memory etc. Run the same programs side by side and they both will be able to run it at approximatly the same speed.
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