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TheStreet Open House

AMD May Lower Guidance: Analysts

Andy Ng of Morningstar, however, said that the Thailand floods may not wind up affecting AMD much at all, given the company's capacity constraints.

With AMD's GlobalFoundries partner having trouble ramping up production of its Llano chip, explained the analyst, falling near-term demand might not affect AMD. GlobalFoundries is the world's third largest factory where devices such as integrated circuits are made.

"AMD is having trouble getting manufacturing yields up, which should be resolved in the next few quarters," said Ng. "It is possible that the move lower today is an over-reaction given the supply constraints."

The analyst also said that he expects AMD to gain market share from Intel in notebook chips because the production issues are coming in desktop computers, not notebooks. As GlobalFoundries improves its manufacturing yields, Ng thinks that AMD will benefit.

He thinks shares could hit $11 over "the next couple of years."

-- Written by Chris Ciaccia in New York

>To follow the writer on Twitter, go to http://twitter.com/commodity_bull.

>To submit a news tip, send an email to: tips@thestreet.com

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