AMD to Present at Morgan Stanley Technology Conference and Update First Quarter Guidance
SUNNYVALE, Calif. --
AMD (NYSE:AMD) Chairman of the Board and Chief Executive Officer Hector Ruiz will present at the Morgan Stanley Technology Conference today at 10:30 a.m. PT (1:30 p.m. ET) and will update the company’s first quarter 2007 guidance.
Ruiz will discuss that AMD is unlikely to meet its previously estimated revenue guidance of $1.6 to $1.7 billion for the first quarter of 2007 as well as provide a product and technology outlook.
A real-time audio webcast of the presentation will be available at http://www.corporate-ir.net/ireye/conflobby.zhtml?ticker=AMD&item_id=1473686
A replay of the webcast can be accessed at this site approximately one hour after the conclusion of the live event and will be available for 30 days after the conference. The webcast will also be available at www.amd.com for 30 days.
This release contains forward-looking statements concerning the company's revenue expectations for the first quarter of 2007, 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 fact that global business and economic conditions may worsen; that Intel Corporation’s pricing, marketing programs, product bundling, new product introductions or other activities targeting the company’s business will prevent attainment of the company’s sales plans; that demand for computers and, in turn, demand for the company’s products will be lower than currently expected; that the company will not achieve its current product and technology introduction schedules; that the company will require additional capital and will not be able to raise sufficient capital, on favorable terms or at all; that the company will not be able to obtain sufficient manufacturing capacity or components to meet demand for its products; that solutions providers will not provide the infrastructure to support the company’s AMD64 technology in a timely fashion; and that unfavorable results of operations of Spansion will adversely impact the company’s results of operations. 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 Annual Report on Form 10-K for the year ended December 31, 2006.
Advanced Micro Devices (NYSE: AMD) is a leading global provider of innovative processing solutions in the computing, graphics and consumer electronics markets. AMD is dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions that empower consumers and businesses worldwide. For more information, visit www.amd.com
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