PRESS RELEASE
Published on July 17, 1997
EXHIBIT 99
CONTACT:
SCOTT ALLEN
PUBLIC RELATIONS
(408) 749-3311
AMD REPORTS SECOND QUARTER RESULTS
SUNNYVALE, CA --- JULY 8, 1997 -- AMD today reported sales of $594,561,000
for its second quarter, ended June 29, 1997. Net income amounted to $9,968,000,
or $0.07 per common share, fully diluted.
Sales rose by 31 percent over the second quarter of 1996, when the company
reported revenues of $455,077,000, and a net loss of $34,672,000, or $0.26 per
common share.
Sales grew by 8 percent over the immediate-prior quarter, when AMD reported
sales of $551,999,000 and net income of $12,951,000, or $0.09 per common share,
fully diluted.
For the first six months of 1997, the company reported total revenues of
$1,146,560,000, and net income of $22,919,000, or $0.16 per common share. For
the same period a year ago, AMD reported revenues of $999,289,000 and a net loss
of $9,345,000, or $0.07 per common share.
"Our Computation Products Group's sales grew by 36 percent over the
immediate-prior quarter, driven by $100 million in sales of AMD-K6/(TM)/
MMX/(TM)/ enhanced processors," said W.J. Sanders III, chairman and chief
executive officer. "We shipped more than 350,000 AMD-K6 processors since our
launch on April 2, 1997. We also shipped our first companion microprocessor
chipsets in volume during the quarter.
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"The combined revenues of our Communications Group, our Memory Group, and
Vantis/(TM)/, our programmable logic business unit, were essentially flat with
the immediate-prior quarter and up 8 percent from the comparable period of
1996," said Sanders.
"The marketplace is rapidly moving to MMX enhanced processors. The industry
has acknowledged the excellence of the AMD-K6 MMX enhanced processor, and we are
pleased with customer acceptance worldwide.
"We have converted all of our Microsoft/(R)/ Windows/(R)/-compatible
microprocessor production to AMD-K6 MMX enhanced processors. We are executing
well on our production ramp toward our goal of shipping millions of units in the
second half of 1997. Our overall book-to-bill ratio was greater than parity,
resulting from strong bookings for the AMD-K6 MMX enhanced processor," Sanders
concluded.
ABOUT AMD
AMD is a global supplier of integrated circuits for the personal and
networked computer and communications markets. AMD produces processors, flash
memories, programmable logic devices, and products for communications and
networking applications. Founded in 1969 and based in Sunnyvale, California, AMD
had revenues of $2 billion in 1996. (NYSE: AMD).
CAUTIONARY STATEMENT
This press release contains forward-looking statements about management's
expectations of future performance. Investors are cautioned that all forward-
looking statements involve risks and uncertainties that could cause actual
results to differ materially from current expectations.
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The forward-looking statements about the AMD-K6 MMX enhanced processor
involve risks and uncertainties that the company's production ramp will fall
short of expectations, that customer demand for the product will fall short of
available production capacity, that new wafer fabrication process technologies
will not be developed as rapidly as customers need or demand, and that economic
conditions will change and affect demand for microprocessors and other
integrated circuits. Investors are urged to consult the risks and uncertainties
detailed in the company's reports filed with the Securities and Exchange
Commission.
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.
AMD-K6 AND VANTIS ARE TRADEMARKS OF ADVANCED MICRO DEVICES, INC.
AMD, THE AMD LOGO AND COMBINATIONS THEREOF ARE REGISTERED TRADEMARKS OF ADVANCED
MICRO DEVICES, INC.
MMX IS A TRADEMARK OF INTEL CORPORATION.
MICROSOFT AND WINDOWS ARE REGISTERED TRADEMARKS OF MICROSOFT CORPORATION.