Very simple, the clocks don't mean crap without knowing now much is done in that clock. It's like comparing an electrician who can install a wall outlet every 15 min compared to one that can install all the wiring in a house in an hour. Sure the first guy seems faster (does his job in just 15min), but the second guy IS faster (does 100x the job in just 4x the time). Intel currently has at least a 1.5 instructions per clock lead over AMD, so for an AMD chip to have the same performance you need to multiply it's clock by 1.5x!