AMD (AMD +4.1%) says its key chip design business should be profitable next year and expects no...

|By:, SA News Editor

AMD (AMD +4.1%) says its key chip design business should be profitable next year and expects no problems with its debt load of $3.2B. "We're going to turn into a cash-flow-generating machine," says CEO Dirk Meyer. "I can already hear the cash registers starting to ring, which is wonderful." The company wants to keep $1B cash on hand and otherwise retire debt.