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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: greg nus who wrote (50251)	2/20/1999 10:00:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 1580265

Confus nus - Re: " The "Art of War" says you hurt your ememy when you take away something he charishes most" Intel just did that to AMD. Intel took away AMD's profits. Read all about it right here: amd.com AMD RE-ASSESSING COMPETITIVE CONDITIONS SUNNYVALE, CA -- FEBRUARY 4, 1999 -- AMD announced today that, based on a re-assessment of competitive conditions, the company could incur an operating loss in the current quarter. "Design enhancements to increase the yield of higher-speed versions of the AMD-K6®-2 processor with 3DNow!(TM) technology have been successfully implemented," said W.J. Sanders, chairman and chief executive officer of AMD. "We will not, however, realize the benefits of the change in production output until the back half of the current quarter. "In the light of Intel's recent pull-in of its February 28 price reductions to February 8, and pending product announcements, we are re-assessing our competitive response. The likely outcome is that in spite of the planned richer mix, we will be unable to increase our microprocessor average selling prices in the current quarter. This will put additional pressure on our gross margins. In the face of planned R&D spending on technology development through the Motorola alliance and at our new Dresden megafab, the company could incur an operating loss in the current quarter," Sanders concluded. About AMD AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.5 billion in 1998. (NYSE: AMD). ### GENERAL INFORMATION: For a complete list of AMD Contacts, Click "Service & Support" below. EDITORIAL CONTACT: Scott Allen Public Relations (408) 749-3311 Internet: Scott Allen John Greenagel Corporate Communications (408) 749-3310 Internet: John Greenagel {==============================} Paul