PRESS RELEASE DATED JUNE 20, 1996
Published on June 24, 1996
EXHIBIT 99
NEWS RELEASE [LETTERHEAD OF AMD]
For further information:
Tom Stites
(408) 749-2918
AMD EXPECTS SECOND QUARTER SALES DECLINE
SUNNYVALE, CA--JUNE 20, 1996--AMD announced today that it expects to report
a second quarter loss on revenues below Wall Street expectations and lower than
the immediate-prior quarter.
The company said it expects total sales will decline by more than 15
percent from its first quarter. More than half of this revenue decrease is
attributable to a decline in sales of flash memory products in the face of soft
demand and sharply lower prices.
AMD is global supplier of integrated circuits for the personal and
networked computer and communications markets. A Fortune 500 company, AMD
produces processors, flash memories, programmable logic devices, and products
for communications and networking applications. Founded in 1969, AMD is based in
Sunnyvale, California, and has sales and manufacturing facilities worldwide. The
company had revenues of $2.5 billion in 1995 (NYSE: AMD).
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AMD news release #96CORP17