Albert and All,
36 5/8 in after hours trading! Sanders had better have a d**m good explanation in the conference call, if not his head on a platter! A warning should have been given weeks ago, if there are no write offs (which I expect is what happened, due to K5)!
AMD Reports Second Quarter Results
BusinessWire, Tuesday, July 08, 1997 at 16:33
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 8, 1997--AMD today
reported sales of $594,561,000 for its second quarter, ended June 29,
1997. Net income amounted to $9,968,000, or $0.07 per common share,
fully diluted.
Sales rose by 31 percent over the second quarter of 1996, when the company reported revenues of $455,077,000, and a net loss of
$34,672,000, or $0.26 per common share.
Sales grew by 8 percent over the immediate-prior quarter, when AMD reported sales of $551,999,000 and net income of $12,951,000, or $0.09 per common share, fully diluted.
For the first six months of 1997, the company reported total revenues of $1,146,560,000, and net income of $22,919,000, or $0.16 per common share. For the same period a year ago, AMD reported
revenues of $999,289,000 and a net loss of $9,345,000, or $0.07 per
common share.
"Our Computation Products Group's sales grew by 36 percent over the immediate-prior quarter, driven by $100 million in sales of
AMD-K6 MMX enhanced processors," said W.J. Sanders III, chairman
and chief executive officer. "We shipped more than 350,000 AMD-K6
processors since our launch on April 2, 1997. We also shipped our
first companion microprocessor chipsets in volume during the quarter.
"The combined revenues of our Communications Group, our Memory Group,
and Vantis, our programmable logic business unit, were essentially
flat with the immediate-prior quarter and up 8 percent from the
comparable period of 1996," said Sanders.
"The marketplace is rapidly moving to MMX enhanced processors. The industry has acknowledged the excellence of the AMD-K6 MMX enhanced processor, and we are pleased with customer acceptance
worldwide.
"We have converted all of our Microsoft Windows- compatible microprocessor production to AMD-K6 MMX enhanced processors. We are executing well on our production ramp toward our goal of shipping millions of units in the second half of 1997. Our overall book-to-bill ratio was greater than parity, resulting from strong bookings for the AMD-K6 MMX enhanced processor," Sanders concluded.
Regards,
Tim |
