AMD SAYS SECOND QUARTER SALES DECLINED
SUNNYVALE, CA - July 5, 2001. AMD (NYSE:AMD) said today that sales for the
second quarter ended July 1, 2001 at $985 million declined approximately 17
percent from first quarter sales of $1.189 billion. On continuing
businesses, the sales decline amounted to approximately 11 percent from the
like period of 2000. The company also said that, on 341 million shares
outstanding, it is estimating second quarter net income of $0.03 to $0.05
per diluted share.
When it announced first quarter results on April 18, AMD projected that
second quarter sales could decline by as much as 10 percent. AMD said that
two factors caused the greater than expected decline in sales. First,
demand for flash memory devices was and continues to be weaker than
anticipated. Second, competitive pressures in the PC processor market
depressed the company's average selling prices. Today the company said that,
despite continuing weak PC market conditions and very aggressive pricing by
Intel Corporation, the company achieved record unit sales of AMD Athlon*
processors, record unit sales of AMD Duron* processors, and record aggregate
PC processor unit sales, demonstrating the breadth, strength and
competitiveness of its PC processor product line.
AMD will report second quarter results of operations on July 12.
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).
AMD, the AMD logo, and combinations thereof are trademarks of Advanced Micro
Devices, Inc. in the United States and other jurisdictions.
