AMD delays chip shipments to Q1, eyes '08 profit

NEW YORK, Dec 13 (Reuters) - Advanced Micro Devices Inc (AMD.N) has delayed shipment of Barcelona and Phenom chip products until the first quarter but aims to return to profit in 2008, Chief Operating Officer Dirk Meyer said on Thursday.

"We haven't delivered our quad-core products," on time, Meyer said at the chip maker's analyst meeting.

But he said AMD, which faces strong competition from market leader Intel Corp (INTC.O), expects to increase its market share "tremendously" and turn a profit again in 2008. (Reporting by Sinead Carew, editing by Gerald E. McCormick)