To: Tony Viola who wrote (77517 ) 4/17/2002 8:19:59 PM From: Petz Read Replies (2) | Respond to A breakeven level below 900M should not come as a surprise to any here:To:Pravin Kamdar who wrote (74351) [NOTE: they didn't happen in Q1 either] and they have already taken the charge for severance, etc. So there will be a big drop in expenses for Q2. Q2 could come in below 900M and AMD would still have a profit. On September 25, 2001, due to the continued slowdown in the semiconductor industry and a resulting decline in revenues, the Company announced a restructuring plan to accelerate key components of its strategy to reduce costs and enhance the financial performance of its core businesses. In connection with the plan, the Company will close Fabs 14 and 15 in Austin, Texas. These facilities support certain of the Company's older products and its Foundry Service operations, which will be discontinued as part of the plan. The Company will also restructure other manufacturing facilities and reduce activities primarily in Penang, Malaysia, along with associated administrative support.will result in the reduction of approximately 2,300 direct manufacturing and related administrative support positions, or approximately 15 percent of the Company's worldwide workforce, by the end of the second quarter of 2002. Approximately 1,000 of these positions are associated with closing Fabs 14 and 15 in Austin, Texas. The balance of the reductions will result from reducing and restructuring activities primarily in Penang, Malaysia.
