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

To: Gary Ng who wrote (54820)	4/8/1999 12:40:00 PM
From: Jeff Fox	Read Replies (2) \| Respond to of 1571446

Gary, re:"AMD's K7 will be late" And this is news? AMD share price diped below $15, on track to my buy in point of $13. This stock is like a metronome. up, down, up, down, all the time burning paid in capital like it was water. Jeff

To: Gary Ng who wrote (54820)	4/8/1999 12:52:00 PM
From: RDM	Read Replies (3) \| Respond to of 1571446

Wrong! <Chip manufacturer AMD said late yesterday that its K7 processor will not now ship in June, as it had anticipated. Chip manufacturer AMD said late yesterday that its K7 processor> 1. Below is the entire AMD press release referenced. It states that AMD plans to release the K7 in Q2. "Based on March production results and the planned production mix of AMD-K6-2 and AMD-K6-III processors, and initial shipments of AMD-K7(TM) processors scheduled for June, the company believes that ASPs will improve this quarter." 2. It further states in caution statements at the end that AMD may be wrong in the forward looking views including "Forward-looking statements in this release involve the risk that the company will not be able to " .... "that the AMD-K7 processor introduction will slip from its current schedule for introduction in limited quantities in June" This is too me nowhere close to the statement "its K7 processor will not now ship in June " that allegedly comes from the same release. AMD REPORTS SUBSTANTIAL DECLINE IN FIRST QUARTER PROCESSOR SHIPMENTS AND REVENUES SUNNYVALE, CA--APRIL 7, 1999--Advanced Micro Devices announced today that shipments of AMD-K6®-2 processors, at 4.3 million units in its just-completed first quarter, were substantially below plan. The company also said that severe price competition, especially in processors with frequencies below 400 megahertz (MHz), caused average selling prices (ASPs) for AMD-K6 family processors to decline to $78. Based on a preliminary analysis, first quarter revenues for the company are expected to be approximately $630 million. Last year's comparable quarter produced revenues of $541 million. In the immediate-prior quarter, revenues were a record $789 million. The company said that previously reported yield problems that impacted December production of AMD-K6-2 processors continued to take a heavy toll on production volume and mix through the first eight weeks of 1999 as the earlier material worked through the manufacturing process. Wafer starts containing the design enhancements put in place to address these yield issues positively impacted both unit volume and mix in fiscal March, the last five weeks of the first quarter. AMD also reported that March shipments of AMD-K6-2 processors exceeded shipments in January and February combined. On that basis, the company said it expects to meet its goal of shipping 20 to 25 million units for all of 1999. Demand for AMD-K6 family processors remains strong, and customer relationships remain intact. Based on March production results and the planned production mix of AMD-K6-2 and AMD-K6-III processors, and initial shipments of AMD-K7(TM) processors scheduled for June, the company believes that ASPs will improve this quarter. These statements about estimated results are preliminary. The company plans to announce its actual results for the quarter on April 14, 1999. 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 be able to maintain or increase processor yields; that design or production problems will prevent the company from meeting its unit shipment goal for 1999; that the company will not be able to maintain or enhance processor yields to a richer distribution of higher-speed processors; that the company will not be able to increase average selling prices because of yield problems, competitor pricing activity, or a deterioration of market conditions or customer relationships adversely affecting demand for the company's processors; and that the AMD-K7 processor introduction will slip from its current schedule for introduction in limited quantities in June. 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. ### GENERAL INFORMATION: For a complete list of AMD Contacts, Click "Service & Support" below.