AMD Vows Turnaround

Advanced Micro Devices(AMD Quote) wants investors to see the glass as half full. Unfortunately, the company's stock is half down in value.

At its annual financial briefing with analysts Thursday, AMD vowed to right its ship, returning its business units to profitability and fixing the delays in getting its new microprocessor out the door.

But AMD provided no details about its plans to cut costs by overhauling its manufacturing strategy, and after a year of operational missteps at the company, investors showed little faith in management's new game plan. ...