AMD Updates Fourth Quarter Outlook
SUNNYVALE, CA --
AMD (NYSE: AMD) today announced sales for the fourth quarter ended December 26, 2004 are expected to be up slightly from the $1.239 billion reported in the third quarter. Fourth quarter operating income is anticipated to be positive, but down significantly from third quarter operating income of $68.4 million. The Computation Products Group (CPG) continued its upward trajectory and fourth quarter sales are expected to increase compared to the prior quarter. CPG is expected to be profitable. In a competitive and challenging NOR Flash memory market, the Memory Group is anticipated to have lower fourth quarter sales and an operating loss.
The company’s prior guidance for the fourth quarter anticipated overall sales to increase, driven by processor sales that exceeded seasonal trends, and Flash memory sales that were flat to up.
AMD will report its fourth quarter 2004 results after market close on Tuesday, January 18, 2005. AMD will hold a conference call on this day for the financial community at 2:30 PM PT to discuss fourth quarter financial results. A real-time audio broadcast of the teleconference will be provided at www.amd.com
. The webcast will be available for ten days after the conference call.
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. 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 28, 2003, and the Quarterly Report on Form 10-Q for the quarter ended September 26, 2004.
AMD (NYSE:AMD) designs and produces innovative microprocessors, Flash memory devices and low-power processor solutions for the computer, communications and consumer electronics industries. AMD is dedicated to delivering standards-based, customer-focused solutions for technology users, ranging from enterprises and governments to individual consumers. For more information visit www.amd.com
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