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AMD Expects Third-Quarter Loss to be Larger than Anticipated
AMD Expects Third-Quarter Loss to be Larger than Anticipated
SUNNYVALE, CA -- September 30, 1997 --AMD announced today that the company produced and shipped one million AMD-K6™ MMX™ Enhanced Processors in the third quarter and still plans to produce approximately two million AMD-K6s in the fourth quarter. During the third quarter, lower than expected AMD-K6 yields resulted in lower revenues and an operating loss that was substantially larger than anticipated. The company will report third-quarter financials after the market closes on Tuesday, October 7, 1997.
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). AMD is a registered trademark, and AMD-K6 is a trademark of Advanced Micro Devices, Inc. MMX is a trademark of Intel Corporation
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