0001012870-01-502254.txt : 20011019
0001012870-01-502254.hdr.sgml : 20011019
ACCESSION NUMBER: 0001012870-01-502254
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011005
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011011
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: ADVANCED MICRO DEVICES INC
CENTRAL INDEX KEY: 0000002488
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 941692300
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1227
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07882
FILM NUMBER: 1756837
BUSINESS ADDRESS:
STREET 1: ONE AMD PL
STREET 2: P O BOX 3453
CITY: SUNNYVALE
STATE: CA
ZIP: 94088-3453
BUSINESS PHONE: 4087322400
8-K
1
d8k.txt
FORM 8-K DATED OCTOBER 5, 2001
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): October 5, 2001
ADVANCED MICRO DEVICES, INC.
----------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 1-7882 94-1692300
--------- --------- ----------
(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
-------------------------------------------- ----------
(address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code: (408) 732-2400
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Page 1
Item 5. Other Events.
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On October 5, 2001, Advanced Micro Devices, Inc. (the "Company")
said that sales for the quarter ended September 30, 2001, at approximately $766
million, declined by 22 percent from second-quarter sales of $985.3 million. On
August 29, 2001, AMD said that it expected third-quarter revenues would decline
by approximately 15 percent sequentially. 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, Pro Forma Financial Information and Exhibits.
------- -------------------------------------------------------------------
(c) Exhibits
Number Exhibit
------ -------
99.1 Press release dated October 5, 2001.
2
SIGNATURES
----------
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: October 10, 2001 By: /s/ Robert J. Rivet
--------------------------------------
Robert J. Rivet
Senior Vice President, Chief Financial
Officer
3
Exhibit Index
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Number Exhibit
------ -------
99.1 Press release dated October 5, 2001.
EX-99.1
3
dex991.txt
PRESS RELEASE DATED OCTOBER 5, 2001
Exhibit 99.1
NEWS RELEASE
Contacts:
John Greenagel
AMD Public Relations
(408) 749-3310
E-mail: john.greenagel@amd.com
----------------------
AMD SAYS THIRD-QUARTER PROCESSOR AVERAGE-SELLING PRICE
DECLINE WAS LARGER THAN EXPECTED
SUNNYVALE, CA - October 5, 2001 - AMD (NYSE:AMD) said today that sales
for the quarter ended September 30, 2001, at approximately $766 million,
declined by 22 percent from second-quarter sales of $985.3 million. On August 29
AMD said that it expected third-quarter revenues would decline by approximately
15 percent sequentially. The company also said it expects to report a pro-forma
net loss of between $90 million and $110 million or $0.26 and $0.31 per share
for the quarter. The pro-forma loss does not include restructuring and other
one-time special charges previously estimated at between $80 million and $110
million.
Sales of flash memory devices declined by approximately $100 million
sequentially, in line with previously reported expectations, reflecting
continued weakness in the communication sector and excess inventories in the
hands of major customers. AMD also said unit sales of PC processors remained at
the record level of the second quarter, when AMD sold more than 7.7 million PC
processors. In the face of very aggressive competition, average-selling prices
(ASPs) for PC processors declined sharply, which resulted in substantially lower
revenues.
-more-
2
"Our ability to maintain PC processor unit volumes under current market
conditions is a strong testament to the architectural superiority of AMD
Athlon(TM) and Duron(TM) processors," said W.J. Sanders III, chairman and chief
executive officer. "With unit sales of our seventh-generation processors at
record levels in an extremely difficult PC market, we believe we either held or
gained market share. In an effort to make up for the performance deficiencies of
computers based on its Pentium(R) 4 processors, Intel resorted to aggressive
pricing and large, cash-backed marketing programs, which had the effect of
driving down ASPs on PC processors in the market segments where we compete
directly," Sanders concluded.
About AMD
AMD is a global supplier of integrated circuits for the personal and networked
computer and communications markets with manufacturing facilities in the United
States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor's 500
company, produces microprocessors, flash memory devices, and support circuitry
for communications and networking applications. Founded in 1969 and based in
Sunnyvale, California, AMD had revenues of $4.6 billion in 2000. (NYSE: AMD).
Visit AMD on the Web
For more AMD news and product information, please visit our virtual
pressroom at www.amd.com/news/virtualpress/index.html. Additional press releases
----------------------------------------
are available at www.amd.com/news/news.html.
--------------------------
AMD, the AMD logo, AMD Athlon, AMD Duron and combinations thereof are trademarks
of Advanced Micro Devices, Inc. Other product names used in this publication are
for identification purposes only and may be trademarks of their respective
companies.
Pentium is a registered trademark of Intel Corporation.