processor revenue higher than in the 1q?
04:07pm EST 6-Dec-01 Corporate Release (Toni Beckham,408/749-3127) AMD AMD.N
AMD IMPROVES OUTLOOK FOR FOURTH QUARTER
AMD Athlon XP Processor Drives Sales Growth
SUNNYVALE, Calif.--Dec. 6, 2001--AMD said today that it currently
expects higher sales in the current quarter ending December 30, 2001
than previously indicated. Demand for the AMD Athlon(TM) XP processor,
which was introduced on October 9, and is the world's
highest-performance PC processor, has been robust. As a result, PC
processor revenues, in the aggregate, are expected to exceed the
previous record set in the first quarter of the year on record units.
The stronger than expected PC processor sales, even in the face of
flash memory sales now expected to be no better than flat, are
expected to drive overall fourth quarter sequential revenue growth
into the 10 percent or better range when compared to third quarter
sales of $765,870,000.
AMD expects that its cost containment and reduction programs,
coupled with revenue growth, will reduce the operating loss in the
current quarter from the level of the third quarter. AMD continues to
expect that it will return to profitability in the second quarter of
2002, when the full benefits of its cost control programs are
realized. |
