<div id="subtitle">Goldman puts AMD on 'Sell' list, predicting more losses this year</div><div><p>Goldman Sachs added Advanced Micro Devices to its "Conviction Sell List" on Tuesday, predicting more sizable losses for the chip maker this year.</p><p>AMD made its first profit in three years in the fourth quarter of 2009 because of a $1.25 billion legal settlement from rival Intel Corp., the world's biggest provider of chips for personal computers. But the company would have lost about $57 million, otherwise.</p><p>"We expect the company to continue to generate sizable losses in 2010," Goldman analyst James Covello told investors in a note.</p><p>He said the company will suffer from its exposure to the low-end desktop business and may lose ground to competition in the server market.</p><p>Covello noted that AMD shares have more than tripled over the past year, an indication investors have already taken account of the broader recovery in computer sales.</p><p>He reiterated a price target of $5.50, which would be a roughly 30 percent drop from the current share price.</p><p>Shares of Advanced Micro Devices Inc. fell 13 cents, or 1.6 percent, to $7.85.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68318262&bid=informcom" /></div><div id="copyright"><div>

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