EXHIBIT 99
Published on September 29, 1995
[LETTERHEAD OF
ADVANCED MICRO DEVICES
APPEARS HERE]
EXHIBIT 99
NEWS RELEASE
For further information:
Chuck Mulloy
(408) 749-5481
ADVANCED MICRO DEVICES EXPECTS LOWER
THIRD-QUARTER REVENUES AND EARNINGS
SUNNYVALE, CA... September 25, 1995... Advanced Micro Devices (AMD) today
announced that it expects third-quarter revenues and earnings to be lower than
last quarter. The company attributes the expected shortfall entirely to flat
Am486(R) microprocessor unit shipments at sharply lower prices. AMD plans to
release quarterly results on October 10.
"We continue to anticipate that revenue growth from our other product lines will
be up to 10 percent over the immediate prior quarter. Flash memory shipments are
expected to be up nearly three times over the comparable quarter last year,"
said W. J. Sanders III, chairman and chief executive officer of AMD.
"AMD is responding aggressively to a market in which flash memory demand
continues to outstrip our ability to produce. To meet customer demand, we
continue to ramp flash memory production at our existing Fujitsu AMD
Semiconductor Ltd. (FASL) fab in Aizu-Wakamatsu, Japan. In addition, FASL has
approved construction of a second flash megafab and we will break ground on the
new facility at a contiguous site in the first quarter of 1996," Sanders said.
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"While we believe the personal computer market is healthy, many of our customers
depleted Am486 component inventories during the current quarter," Sanders said.
"The 486 market is shifting rapidly to higher-speed parts. Two-thirds of our
Am486 shipments this quarter will be at 100MHz or higher. While we expect
fourth-quarter Am486 unit demand to increase, it is unlikely that AMD
microprocessor revenue growth will resume until the company begins shipping
products with fifth-generation performance in 1996."
AMD reported that it has made substantial progress validating the compatibility
of its K86(TM) Superscalar architecture. "We are successfully running
applications on Microsoft(R) Windows95(R) and more than 20 other operating
systems, including UNIX(R) and OS/2(R), and we plan to widely sample devices
that demonstrate our compatibility in December," Sanders said.
An early version of AMD's fifth-generation, superscalar microprocessor,
code-named SS/5-75, will be available for sale in limited quantities during the
first quarter of 1996. This 75MHz device will be a plug-in replacement for a
75MHz Pentium(R). It will be in volume production in the second quarter on AMD's
0.35-micron process technology in Fab 25, the company's new megafab in Austin,
Texas.
"We expect that AMD K-5(TM) products reflecting the inherent 30-percent
performance advantage over Pentium will be available one quarter after the
SS/5-75. We plan to produce a total of more than five million 5th-generation
superscalar devices in the first 12 months after shipments commence, with more
than three-million units available in 1996," Sanders said.
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Advanced Micro Devices, Inc., is the fourth-largest U.S. merchant-supplier of
integrated circuits. Focusing on the personal and networked computing and
communications markets, AMD produces microprocessors and related peripherals,
memories, programmable logic devices and circuits for telecommunications and
networking applications. AMD has sales offices worldwide and manufacturing
facilities in Sunnyvale, California; Austin, Texas; Bangkok, Thailand; Penang,
Malaysia; Singapore; Aizu-Wakamatsu, Japan; and Basingstoke, England.
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WORLD WIDE WEB: Press announcements and other information about AMD are
available on the Internet via the World Wide Web. Type http://www.amd.com at the
URL prompt.
Am486 is a registered trademark of Advanced Micro Devices, Inc. K86 and AMD K-5
are trademarks of Advanced Micro Devices, Inc. Microsoft and Windows are
registered trademarks of Microsoft Corporation. Pentium is a registered
trademark of Intel Corporation. OS/2 is a registered trademark of International
Business Machines Corporation.
AMD news release 95Corp20