Ted and Thread:
I saw that AMD filed an 8K on the 24th re: analyst conf. on 11/11. Nothing new here that I can see, but thought I'd post the attached press release from the 11th (I don't remember seeing this release....just the reporting):
-Scot
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Item 5. Other Events.------- -------------
On November 11, 1999, Advanced Micro Devices, Inc. announced that it
currently expects to achieve revenues of more than $800 million in the current
quarter. The Company currently forecasts that its goal of achieving break-even
operating results in the current quarter is attainable, barring unforeseen
events or disruptions in the supply chain. The full text of the press release is
set forth in Exhibit 99.1 attached hereto and is incorporated in this report as
if fully set forth herein. Item 7. Financial Statements and Exhibits.
------- ----------------------------------(c) Exhibits:
99.1 Press release dated November 11, 1999.
AMD SAYS FOURTH-QUARTER OPERATING RESULTS COULD BE BREAK-EVEN BASED ON
STRONG DEMAND
SUNNYVALE, CA - November 11, 1999 - With strong demand for Flash memory
products and microprocessors, AMD today announced that it currently expects to
achieve revenues of more than $800 million in the current quarter. The company
currently forecasts that its goal of achieving break-even operating results in
the current quarter is attainable, barring unforeseen events or disruptions in
the supply chain. While motherboard availability remains an issue, the company
believes that its goal of shipping 800,000 AMD Athlon processors in the current
quarter is increasingly realistic.
At an analyst meeting at company headquarters in Sunnyvale, California,
Chairman and Chief Executive Officer W.J. Sanders III said the company had sold
out its Flash memory availability for the current quarter, and that he expects
that the company will achieve $250 million in sales of Flash memory devices in
the current quarter. Based on presently available information, the company
expects that an imbalance of supply and demand in Flash memories will continue
for the foreseeable future.
Sanders also said that he expects AMD will ship more than 5 million
processors for PCs in the current quarter, including both AMD-K6 family
processors and AMD Athlon processors. All AMD Athlon processor wafer starts are
now on 180-nanometer (0.18-micron) technology, enabling production of higher-
frequency devices. Sanders said the company will begin shipments of 750MHz AMD
Athlon processors this quarter, and he expects AMD will begin shipments of
800MHz AMD Athlon processors in the first quarter of 2000. |
