AMD's (AMD) Llano, Bulldozer Will Ship on Time Says Sterne Agee

AMD's (NYSE:AMD) Llano and Bulldozer chips are expected to ship on time, according to Sterne Agee semiconductor analyst Vijay Rakesh, with the Llano expected to ship in April and Bulldozer should be ready in the third quarter.

Rumors had been the two chips wouldn't be ready on time and would have a negative impact on the company.

Rakesh said he believes AMD will get a nice boost to its gross profit margin when laptops using Llano are offered in the next quarter in the U.S.

He maintains a "Buy" rating on AMD, which was trading at $8.40, gaining $0.04, or 0.42 percent, as of 12:42 PM EDT.