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CEO Dirk Meyer said AMD's AMD) primary division will end the year out of the red and with a positivew cash flow if the personal computet market does better in the secondd half of the year than it has in the first Reuters reported. That excludes the operationx of GlobalFoundries, a joint venturew between Sunnyvale, Calif.-based AMD and a groupo out of Abu Dhabi. The CEO'as comments were his first since the European Commissio n last week ruled thatthe world's number one chipmaked Intel Corp. had given illegal rebates to computer makers in an effort tocut AMD's marketf share.
Intel was ordere d to stop the practice, but Meyerr said he doesn't expectf a "light switch" effect from the Reuters reported. AMD has about 2,1009 employees in Austin. Last year the company had two major roundas of layoffs that cut about 10 percent of employeese from its ranks and it eliminatedanother 1,100 this AMD lost $3.1 billion on $5.8 billiobn in revenue in 2008.
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