Xeon E7 4860 's Advantages
Lower TDP (130W vs 145W)
Intel Xeon E5 2697 v3 's Advantages
Released 3 years and 5 months late
Higher specification of memory (2133 vs 1333)
Higher base frequency (2.6GHz vs 2.266GHz)
Larger L3 cache size (35MB vs 24MB)
More modern manufacturing process (22nm vs 32nm)