at a Goldman-Sachs conference in Palm Springs, California, AMD Chairman
and Chief Executive Officer W.J. Sanders III said he now expects the
company to report flat to nominally higher sequential sales in the current
"Demand for low-end microprocessors has been stronger
than expected," said Sanders. "Business across the board continues to
be robust. With better than anticipated demand for low-end PC processors,
we now expect that AMD's first-quarter revenues will be flat to nominally
higher than the record sales reported in the seasonally strong fourth
quarter. The ramp of the AMD Athlon processor on 180-nanometer
technology is proceeding as planned. One hundred percent of our AMD
Athlon production is now on 180-nanometer technology."
AMD reported sales of $968,710,000 in the quarter ended
December 26, 1999.
This release contains a forward-looking statement, which is
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, with respect to projected revenues for
the quarter ending March 26, 2000. Investors are cautioned that this
forward-looking statement involves risks and uncertainty that could
cause actual results to differ materially from current expectations.
The forward-looking revenue projection in this release involves the
risk that demand for AMD's products will not continue at current or
greater levels; the risk that Intel Corporation pricing, marketing programs
or other activities targeting the company's microprocessor business
will prevent achievement of the company's current processor sales plans;
that third parties may not provide timely or adequate infrastructure
solutions to support the AMD Athlon processor; and that the company
will not be able to manufacture and ship product in the volumes, in
the mix and for the prices currently assumed or planned for the quarter.
We urge investors to review in detail the risks and uncertainties in
the company's Securities and Exchange Commission filings, including
but not limited to the report on Form 10-Q for the quarter ended September
More Press Releases-->