SUNNYVALE, Calif., Sep 23, 2010 (BUSINESS WIRE) --
AMD
(NYSE:AMD) today announced that it expects revenue for the quarter
ending September 25, 2010 to be in the range of down one to four percent
as compared to revenue of $1.65 billion for the quarter ended June 26,
2010. The sequential decrease is due to weaker than expected demand,
particularly in the consumer notebook market in Western Europe and North
America.
AMD will report third quarter 2010 results after market close on October
14, 2010. AMD will hold a conference call on this day for the financial
community at 2:00 p.m. PT (5:00 p.m. ET) to discuss third quarter
results. A real-time audio webcast of the teleconference will be
provided on AMD's
Web site at http://quarterlyearnings.amd.com.
The webcast will be available for ten days after the conference call.
About AMD
Advanced Micro Devices (NYSE: AMD) is an innovative technology company
dedicated to collaborating with customers and technology partners to
ignite the next generation of computing and graphics solutions at work,
home and play. For more information, visit AMD.
Cautionary Statement
This release contains forward-looking statements concerning AMD, its
third quarter 2010 revenue and demand for the company's products, which
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
commonly identified by words such as "would," "may," "expects,"
"believes," "plans," "intends," "projects," and other terms with similar
meaning. Investors are cautioned that the forward-looking statements in
this release are based on current beliefs, assumptions and expectations,
speak only as of the date of this release and involve risks and
uncertainties that could cause actual results to differ materially from
current expectations. Risks include the possibility that Intel
Corporation's pricing, marketing and rebating programs, product
bundling, standard setting, new product introductions or other
activities targeting the company's business will prevent attainment of
the company's current plans and expectations; the company will be unable
to develop, launch and ramp new products and technologies in the volumes
and mix required by the market and at mature yields on a timely basis;
the company will be unable to transition its products to advanced
manufacturing process technologies in a timely and effective way; global
business and economic conditions will not continue to improve or will
worsen resulting in lower than currently expected revenue in the third
quarter of 2010 and beyond; demand for computers and consumer
electronics products and, in turn, demand for the company's products
will be lower than currently expected; customers stop buying the
company's products or materially reduce their demand for its products;
the company will require additional funding and may not be able to raise
funds on favorable terms or at all; there will be unexpected variations
in market growth and demand for the company's products and technologies
in light of the product mix that it may have available at any particular
time or a decline in demand; the company will be unable to maintain the
level of investment in research and development and capacity that is
required to remain competitive; and the company will be unable to obtain
sufficient manufacturing capacity or components to meet demand for its
products or will under-utilize its commitment with respect to
GLOBALFOUNDRIES' microprocessor manufacturing facilities. Investors are
urged to review in detail the risks and uncertainties in the company's
Securities and Exchange Commission filings, including but not limited to
the Quarterly Report on Form 10-Q for the quarter ended June 26, 2010.
AMD, the AMD Arrow logo and combinations thereof are trademarks of
Advanced Micro Devices, Inc. Other names are for informational purposes
only and used to identify companies and products and may be trademarks
of their respective owner.
SOURCE: AMD
AMD
Media Contact:
Drew Prairie, 512-602-4425
drew.prairie@amd.com
or
Investor Contact:
Ruth Cotter, 408-749-3887
ruth.cotter@amd.com
