TQFP atmega328 slow timing

I've purchased a surface mount ATmega328 in its 32-pin TQFP package. I am able to upload the tutorial blink sketch (http://arduino.cc/en/Tutorial/blink) by changing the arduino configuration file to expect a different signature. However, the LED blinks about fifteen times slower than it should. Does anybody have any idea why this happens?

(deleted)

Thank you for your quick response! I'll look into them.