AMD Vows Not to Repeat Missteps

Advanced Micro Devices Inc. apologized to Wall Street for botching its handling of a high-end chip line. But the chip maker still faces skepticism about its prospects.
At a meeting with analysts, AMD executives vowed not to repeat stumbles that helped shave nearly 40% off its market value since mid-October. The company predicted it will return to profitability on an operating basis in the third quarter of next year, though a net profit will take longer because of factors that include write-offs associated with its 2006 acquisition of ATI Technologies.
Source: wsj.com