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To: Curlton Latts who wrote (14202)2/5/1998 2:17:00 PM
From: AJM  Respond to of 25960
 
AMD cancels investor conference appearances; ramps to 0.25

biz.yahoo.com

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.