AMD Promotes New Products, Strong Execution and Focused Innovation at 2008 Financial Analyst Day
- Executives detail company’s strategy to achieve sustainable profitability -
SUNNYVALE, Calif. --
AMD (NYSE: AMD) today hosted its 2008 Financial Analyst Day
at its headquarters in Sunnyvale, Calif. Senior executives, including President and Chief Executive Officer Dirk Meyer
, reported on the company’s progress toward sustainable profitability by sharing information on AMD’s product, marketing, manufacturing and operational initiatives.
As a part of today’s event, AMD also launched its 45nm Quad-Core AMD Opteron™ processors. Previously codenamed “Shanghai”, these processors deliver up to 35% more performance than the previous generation Quad-Core AMD Opteron processor and up to a 35% decrease in power consumption at idle, along with sweeping virtualization performance leadership.
In his presentation, Meyer reiterated his commitment to guiding a leaner, more focused AMD back to sustainable profitability.
“Today’s 45 nm Quad-Core AMD Opteron launch is another key 2008 milestone for AMD, strengthening our portfolio of computing products and complementing our industry-leading graphics products,” said Meyer. “In 2009, we plan to remain focused on executing our new product roadmaps, extend our leadership in graphics technology, refresh all our existing computing platform offerings, and introduce innovative new platforms targeting key growth opportunities like ultra portable notebooks.
“Our Asset Smart strategy remains a critical piece of AMD’s future success. Through ‘The Foundry Company’. we are putting a model in place that will help ensure AMD’s access to leading-edge manufacturing without having to shoulder the increasingly prohibitive costs of semiconductor manufacturing.”
Randy Allen, senior vice president, Computing Solutions Group, Rick Bergman, senior vice president and general manager, Graphics Product Group, and Nigel Dessau, chief marketing officer, also provided high level program overviews. Executives emphasized how AMD’s plan is to focus on delivering the solutions that power the next generation of user experiences and applications at work, home and play.
For complete information on today’s event, including an archived webcast of the general session, copies of executive presentations, and a news summary document that provides an overview of all product roadmap updates, see: http://www.amd.com/AnalystDay.
Advanced Micro Devices (NYSE: AMD) is an innovative technology company dedicated to collaborating with customers and partners to ignite the next generation of computing and graphics solutions at work, home and play. For more information, visit http://www.amd.com.
This release contains forward-looking statements concerning AMD’s future growth and profitability, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects,” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this release are based on current beliefs, assumptions and expectations, speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Risks include the possibility that Intel Corporation’s pricing, marketing and rebating programs, product bundling, standard setting, new product introductions or other activities targeting the company’s business will prevent attainment of the company’s current plans; global business and economic conditions will worsen, resulting in lower than currently expected revenue in the fourth quarter of 2008 and beyond; the company’s Asset Smart strategy will not reach fruition or will be less beneficial than anticipated; the announced transaction for the formation of The Foundry Company and the associated third-party investment will not occur as anticipated; demand for computers and consumer electronics products and, in turn, demand for the company’s products will be lower than currently expected; customers stop buying the company’s products or materially reduce their demand for its products; the company will require additional funding and may not be able to raise funds on favorable terms or at all; the company’s cost containment efforts will not be effective; the company will be unable to develop, launch and ramp new products and technologies in the volumes and mix required by the market and at mature yields on a timely basis; there will be unexpected variations in market growth and demand for the company’s products and technologies in light of the product mix that it may have available at any particular time or a decline in demand, the company will be unable to transition to advanced manufacturing process technologies in a timely and effective way, consistent with planned capital expenditures; the company will be unable to maintain the level of investment in research and development and capacity that is required to remain competitive; the company will be unable to divest its Handheld product businesses in the expected timeframe, if at all, or in a manner contemplated by the company; and the company will be unable to obtain sufficient manufacturing capacity or components to meet demand for its products or will under-utilize its microprocessor manufacturing facilities. Investors are urged to review in detail the risks and uncertainties in the company’s Securities and Exchange Commission filings, including but not limited to the Quarterly Report on Form 10-Q for the quarter ended September 27, 2008.
AMD, the AMD Arrow logo, AMD Opteron and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
* Benchmarks published on amd.com as of November 13, 2008, show the following performance gains compared to systems based on the Quad-Core AMD Opteron™ processor codenamed “Barcelona”: SPECint®_rate2006: 32%; SPECfp®_rate2006: 32%; SPECjbb®2005: 64%. See http://www.amd.com/us-en/Processors/ProductInformation/0,,30_118_8796_8800,00.html. SPEC, SPECint, SPECfp, and SPECjbb are registered trademarks of the Standard Performance Evaluation Corporation. For the latest results, see www.spec.org.