PRESS RELEASE DATED NOVEMBER 8, 2001

NEWS RELEASE

CONTACTS:
John Greenagel
AMD Public Relations

(408) 749-3310
E-mail: john.greenagel@amd.com
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Toni Beckham
AMD Investor Relations
(408) 749-3127
E-Mail: investorrelations-ca.communications@amd.com


Exhibit 99.1


AMD CONFIRMS OUTLOOK FOR CURRENT QUARTER

SUNNYVALE, CA -- November 8, 2001 -- Speaking at the annual AMD fall
analyst conference today, AMD Chairman and Chief Executive Officer W.J. Sanders
III said he expects that overall revenues will range from flat to high
single-digit percentage growth on record unit sales of PC processors in the
quarter ending December 30, 2001. The company outlook for the quarter remains
unchanged from a projection issued when it reported third quarter results on
October 17, 2001.

"Seasonal patterns in the PC industry lead us to believe that AMD PC
processor revenues in the first quarter of 2002 could retreat somewhat from the
current quarter," Sanders said. "The outlook for flash memory going into 2002
remains uncertain, and pricing pressures on flash memory products are expected
to remain intense. We currently expect that these conditions will delay our
return to profitability until the second quarter of 2002."

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Sanders said that the company's cost containment and cost reduction program
will contribute to improved operating results in the second quarter and beyond.
"While we expect only very modest overall growth in the semiconductor industry
next year, we believe that our new product offerings and low manufacturing costs
will result in a profitable year overall for AMD in 2002," Sanders concluded.

Cautionary Statement

This release contains forward-looking statements, which are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that forward-looking statements in this release
involve risks and uncertainty that could cause actual results to differ
materially from current expectations. Risks include the possibility that global
business and economic conditions will worsen, and that consumer confidence will
continue to decline, resulting in lower than expected sales in the current
quarter and in 2002; that Intel Corporation pricing, marketing programs, product
bundling, new product introductions or other activities targeting the company's
processor business will prevent attainment of the company's current PC processor
sales plans; that demand for personal computers and, in turn, demand for the
company's PC processors will be lower than currently expected; that demand for
the company's flash memory products will be lower than currently expected; that
the company will not continue to be successful in ramping production of the
company's highest-performance AMD Athlon(TM) processors in Fab 30 in Dresden,
Germany; and that the company will not be able to grow revenues and reduce cost
in the current quarter and in 2002 consistent with its current forecast. We urge
investors to review in detail the risks and uncertainties in the company's
Securities and Exchange Commission filings, including but not limited to the
report on Form 10-K for the year ended December 31, 2000, and the report on Form
10-Q for the quarter ended July 1, 2001.

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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 on the Web

For more AMD news and product information, please visit our virtual
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