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To: exhon2004 who wrote (84327)	6/23/1999 5:27:00 PM
From: GP Kavanaugh	Read Replies (2) \| Respond to of 186894

Here is a few more words: 05:25pm EDT 23-Jun-99 Corporate Release (Toni Beckham 408/749-3127) AMD AMD ANNOUNCES PRELIMINARY SECOND-QUARTER RESULTS SUNNYVALE, Calif.--AMD today announced that it will report an operating loss in the range of $200 million for the quarter ending June 27, 1999, due to a sharp decline in average selling prices for its AMD-K6(R) processor family and lower unit shipments. Despite substantially higher production of AMD-K6 family processors with excellent yields and a richer mix of higher-clock-speed devices, the company expects that average selling prices and unit shipments will fall substantially below earlier expectations for the second quarter. The company expects to produce more than 6 million AMD-K6 family processors of which more than 50 percent will be devices with clock speeds of 400, 450, 475, and 500 megahertz. It is unlikely that AMD will record sales of more than 3.7 million units. A significant amount of AMD sales are "turns" made through distribution, particularly in Asia. Heavy gray market activity worldwide, which has only recently subsided, makes it unlikely that the company will get the sell-through needed to achieve unit sales growth. The company was unable to retake market share at those customers whose needs AMD did not satisfy during the production-limited first quarter when shipments were prioritized to AMD strategic partners. There were pricing pressures in the market as a result of very aggressive pricing on Celeron processors from Intel. These pressures were exacerbated by the liquidation of processors from Cyrix as it exits the market. "We currently expect total revenues for the quarter will be less than $600 million," said W.J. Sanders III, AMD chairman and chief executive officer. "Non-processor revenues should grow by more than 10 percent over the immediate-prior quarter. With Microsoft(R) Windows(R) microprocessor revenues of approximately $250 million, including several million dollars of revenues from initial production shipments of the AMD-K7 processor, we could record an operating loss in the $200-million range. While this will be offset by the more than $400 million pretax gain on the recently concluded sale of Vantis, our programmable logic subsidiary, these operating results are a bitter disappointment to all AMDers who have performed so heroically to introduce the world's fastest x86 processor, the AMD Athlon(tm) 600 processor (formerly code-named K7) while achieving record yields, production levels, and performance on AMD-K6 family processors," Sanders concluded. About AMD AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces Microsoft(R) Windows(R) compatible microprocessors, flash memories, and integrated circuits for communications and networking applications. Founded in 1969 and based in Sunnyvale, Calif., AMD had revenues of $2.5 billion in 1998. (NYSE:AMD). 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. Forward-looking statements are generally preceded by words such as "expects," "plans," "believes," "anticipates," or "intends." Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that could cause actual results to differ materially from current expectations. Forward-looking statements in this release involve the risk that the company will not achieve its processor production and unit shipment goals and anticipated financial performance in the second quarter. We urge investors to review in detail the risks and uncertainties detailed in the company's Securities and Exchange Commission filings, including the most recently filed Form-10K. Note to Editors: AMD, the AMD logo, K6, AMD Athlon and combinations thereof are trademarks and AMD-K6 is a registered trademark of Advanced Micro Devices, Inc. Microsoft and Windows are registered trademarks of Microsoft Corporation. First Call Corporation - all rights reserved. 617/345-2100 END OF NOTE GP

To: exhon2004 who wrote (84327)	6/23/1999 5:27:00 PM
From: GP Kavanaugh	Read Replies (2) \| Respond to of 186894

Here's some good news for AMD fans to top it off: 05:25pm EDT 23-Jun-99 Corporate Release (Toni Beckham 408/749-3127) AMD AMD SHIPS THE WORLD'S FASTEST x86 MICROPROCESSOR SUNNYVALE, Calif.--AMD today announced that it has commenced shipments of its new seventh-generation microprocessor, the AMD Athlon(tm) processor, to computer manufacturers. Formerly code-named the AMD-K7 processor, the AMD Athlon processor is initially available in speed grades of 600, 550, and 500 MHz. "For the first time in the history of the computer industry, AMD leads the competition in delivering an entirely new generation of processors that offers not just higher clock speeds, but higher performance and processing capabilities clock-for-clock based on a more advanced architectural design," said W.J. Sanders III, chairman and chief executive officer of AMD. "This announcement is truly a watershed for AMD and the entire industry because it heralds new choices based on superior processor technology for system platforms in the enterprise space." About the AMD Athlon(tm) Processor Family Name The AMD Athlon processor is a true seventh-generation processor in terms of its architectural capabilities and delivered performance. In choosing the product name, AMD wanted to emphasize that the new product represents a champion of competition and delivers capabilities and performance significantly better than the existing AMD-K6(R) processor family. About the AMD Athlon(tm) Processor Architecture The AMD Athlon processor is an x86-compatible, seventh-generation design featuring a super-pipelined, nine-issue superscalar microarchitecture optimized for high clock frequency; the industry's first fully pipelined, superscalar floating point unit for x86 platforms; high-performance cache technology, including 128KB of on-chip level-one (L1) cache and a programmable, high-performance backside L2 cache interface; enhanced 3DNow!(tm) technology and multimedia performance; and the AMD Athlon system bus -- a 200-MHz system interface based on the Alpha (tm) EV6 bus protocol with support for scalable multiprocessing. The initial versions of the AMD Athlon processor are manufactured on AMD's 0.25-micron process technology in Fab 25 in Austin, Texas. AMD Athlon(tm) Processor Pricing and Availability The 600-MHz AMD Athlon processor is priced at $699, the 550-MHz AMD Athlon is priced at $479, and the 500-MHz AMD Athlon is priced at $324, each in 1,000-unit quantities. End-user systems based on the AMD Athlon processor are planned to be available in Q3. About AMD AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces microprocessors, flash memories, and integrated circuits for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.5 billion in 1998. (NYSE: AMD). 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. Forward-looking statements are generally preceded by words such as "expects," "plans," "believes," "anticipates," or "intends." Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that could cause actual results to differ materially from current expectations. Forward-looking statements in this release about the AMD Athlon processor involve the risk that AMD will not be able to produce the processor in the volume required by customers on a timely basis; that AMD may not be successful in developing an infrastructure to support the processor; that third parties may not provide infrastructure solutions to support the processor; and that the processor will not achieve customer and market acceptance. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including the most recently filed Form-10K. Visit AMD on the Web: Additional press releases and information about AMD and its products are available at www.amd.com. Note to Editor: Readers may obtain additional information by calling 1 (800) 222-9323 or (408) 749-5703. AMD, the AMD logo, K6, 3DNow!, AMD Athlon and combinations thereof are trademarks of Advanced Micro Devices, Inc. Alpha is a trademark of Digital Equipment Corp. Other product names used in this publication are for identification purposes only and may be trademarks of their respective companies. First Call Corporation - all rights reserved. 617/345-2100 END OF NOTE GP

To: exhon2004 who wrote (84327)	6/23/1999 5:32:00 PM
From: GP Kavanaugh	Respond to of 186894

Here's the last set of quick feeds from Dow Jones: DJ Advanced Micro Dvc: Intel Priced Processors Aggressively (MORE) DOW JONES NEWS 06-23-99 05:23 PM - - 05 23 PM EDT 06-23-99 DJ Advanced Micro Dvc Cites Cyrix's Processor Liquidation (MORE) DOW JONES NEWS 06-23-99 05:23 PM - - 05 23 PM EDT 06-23-99 DJ REPEAT: Advanced Micro Dvc Puts 2Q Op Loss In $200M Range (MORE) DOW JONES NEWS 06-23-99 05:24 PM - - 05 24 PM EDT 06-23-99 DJ Advanced Micro Dvc: 2Q To Have $400M Pretax Gain (MORE) DOW JONES NEWS 06-23-99 05:25 PM - - 05 25 PM EDT 06-23-99 *DJ Advanced Micro Dvc: 2Q Gain On Sale Of Vantis Unit (MORE) DOW JONES NEWS 06-23-99 05:25 PM - - 05 25 PM EDT 06-23-99 GP