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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 11, 1999
ADVANCED MICRO DEVICES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-7882 94-1692300
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One AMD Place,
P.O. Box 3453
Sunnyvale, California 94088-3453
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(address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code: (408) 732-2400
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Item 5. Other Events.
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On November 11, 1999, Advanced Micro Devices, Inc. announced that it
currently expects to achieve revenues of more than $800 million in the current
quarter. The Company currently forecasts that its goal of achieving break-even
operating results in the current quarter is attainable, barring unforeseen
events or disruptions in the supply chain. The full text of the press release is
set forth in Exhibit 99.1 attached hereto and is incorporated in this report as
if fully set forth herein.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits:
99.1 Press release dated November 11, 1999.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ADVANCED MICRO DEVICES, INC.
Date: November 23, 1999 By: /s/ James Ashby
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James Ashby
Vice President, Controller
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Exhibit Index
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Exhibit Number Exhibit
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99.1 Press release dated November 11, 1999.
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EXHIBIT 99.1
[AMD Letterhead]
CONTACT:
John Greenagel
Corporate Communications
(408) 749-3310
Toni Beckham
Investor Relations
(408) 749-3127
AMD SAYS FOURTH-QUARTER OPERATING RESULTS COULD BE BREAK-EVEN BASED ON
STRONG DEMAND
SUNNYVALE, CA - November 11, 1999 - With strong demand for Flash memory
products and microprocessors, AMD today announced that it currently expects to
achieve revenues of more than $800 million in the current quarter. The company
currently forecasts that its goal of achieving break-even operating results in
the current quarter is attainable, barring unforeseen events or disruptions in
the supply chain. While motherboard availability remains an issue, the company
believes that its goal of shipping 800,000 AMD Athlon processors in the current
quarter is increasingly realistic.
At an analyst meeting at company headquarters in Sunnyvale, California,
Chairman and Chief Executive Officer W.J. Sanders III said the company had sold
out its Flash memory availability for the current quarter, and that he expects
that the company will achieve $250 million in sales of Flash memory devices in
the current quarter. Based on presently available information, the company
expects that an imbalance of supply and demand in Flash memories will continue
for the foreseeable future.
Sanders also said that he expects AMD will ship more than 5 million
processors for PCs in the current quarter, including both AMD-K6 family
processors and AMD Athlon processors. All AMD Athlon processor wafer starts are
now on 180-nanometer (0.18-micron) technology, enabling production of higher-
frequency devices. Sanders said the company will begin shipments of 750MHz AMD
Athlon processors this quarter, and he expects AMD will begin shipments of
800MHz AMD Athlon processors in the first quarter of 2000.
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 "plans,"
"expects," "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 third parties
may not provide infrastructure solutions to support the AMD Athlon processor in
a timely manner to allow the company to meet its unit sales goals, that the
company will not be able to produce the AMD Athlon processor in the volume
necessary to meet its goals, that the
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AMD Athlon will not achieve customer and market acceptance, and that demand for
flash memory products will not continue at current or greater levels. We urge
investors to review in detail the risks and uncertainties in the Company's
Securities and Exchange Commission filings.
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)
AMD, the AMD logo, 3DNow!, AMD Athlon and combinations thereof are trademarks,
and the AMD-K6 is a registered trademark of Advanced Micro Devices, Inc.
