AMD Expects Modest Revenue Growth in 2001
Wednesday June 6, 7:12 pm Eastern Time
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 6, 2001--Speaking at news conference in Tokyo, Japan today, AMD President and Chief Operating Officer Hector Ruiz reiterated the company's previous expectation that AMD will achieve modest revenue growth in 2001. Ruiz said he expects AMD will gain market share in its two principal product lines, PC processors and flash memory products. Ruiz also said there is increasing reason to believe that the personal computer market is stabilizing and will return to normal in the fourth quarter of this year.
Cautionary Statement
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements in this release involve risks and uncertainty that could cause actual results to differ materially from current expectations. There can be no assurance that demand for the company's products will meet currently expected levels, that the personal computer market will stabilize and return to normal, or that the company will grow revenue for the year. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the report on Form 10-K for the year ended December 31, 2000 and the report on Form 10-Q for the quarter ended April 1, 2001. |
