AMD cancels investor conference appearances; switch to 0.25 micron
biz.yahoo.com
Thursday February 5, 1:42 pm Eastern Time
NEW YORK, Feb 5 (Reuters) - Advanced Micro Devices Inc said
Thursday it has canceled plans to appear at conferences hosted
by Wall Street firms until it can offer a meaningful update on
the progress of a major production transition at the company.
AMD is in the midst of a switch to 0.25 micron production for
its K6 processor, which competes with Intel Corp's (INTC -
news) Pentium II.
Production is currently ramping up and solid data on chip wafer
yields is still weeks away, said spokesman Scott Allen. He said
AMD planned to avoid Wall Street analysts' meetings until executives
could answer project-related questions.
''We are not just a microprocessor company,'' Allen said, ''but at
any of these conferences, things will always come back to the
question of, 'How many K6 units will you do in the first quarter?'
''For now, we really don't have anything to add to the record,''
he said. ''In the meantime, we're just concentrating our efforts on
executing this ramp-up.''
AMD backed out of a recent conference hosted by PaineWebber and has
also notified Goldman Sachs, Donaldson Lufkin & Jenrette and
Morgan Stanley Dean Witter that it would not participate in upcoming
conferences hosted by the firms.
AMD fell 3/4 to 19-1/4 in early afternoon activity. |
