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 -------------- Page 1 Item 5. Other Events. ------- ------------- 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 ------------- 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.