Wall Street Addict

Shares of semiconductor maker Advanced Micro Devices Inc. continued their slide Friday, a day after an annual analyst meeting in which it announced delays in its key "Barcelona" chip.
While the company said it plans to reach profitability by the end of the third quarter of 2008, analysts were generally not as optimistic, in part because of the "Barcelona" delays and competition from other chip makers.
Cowen and Co. analyst John Barton said in a note to investors that he remained cautious on AMD, as the company has negative free cash flow and has given no indication of a significant change in strategy.

Labels: Advanced Micro Devices Inc., AMD