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AMD Confirms Fourth Quarter Revenue Guidance
Publish Date : 12/13/2007 7:29:00 AM Source : American Local News Onlypunjab.com
At its 2007 Financial Analyst Day presentation, AMD (NYSE:AMD) Chief Financial Officer Robert J. Rivet confirmed the company still expects revenue for the current quarter to increase in line with seasonality.
A webcast replay will be available for 10 days following the meeting at www.amd.com/analystday.
About AMD
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.
Cautionary Statement
This release contains a forward-looking statement concerning revenue for the fourth quarter of 2007 which is 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; the company will require additional funding and may not be able to raise funds on favorable terms or at all; the company’s cost reduction efforts will not be effective; customers stop buying the company’s products or materially reduce their operations or demand for its products; 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; the company’s competitors, customers and suppliers may take actions that will negate the anticipated benefits of the company’s acquisition of ATI; demand for computers and consumer electronics products and, in turn, demand for the company’s products will be lower than currently expected; global business and economic conditions will worsen, resulting in lower than currently expected revenue in the fourth quarter of 2007 and beyond; 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; 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 29, 2007. |
US Muslim group protests Modi visit
Publish Date : 2/25/2005 10:04:00 AM
An American Muslim group has urged the Bush administration not to allow Gujarat Chief Minister Narendra Modi to visit the US because he was allegedly identified ....
US religious coalition protests Modi's visit
Publish Date : 2/25/2005 10:01:00 AM
A coalition of American and Indian American religious leaders and rights activists has demanded that Gujarat Chief Minister Narendra Modi be stopped from entering the US....
'US contribution to Arab science to regain trust'
Publish Date : 2/24/2005 9:39:00 AM
The US should offer "matching funds" to oil-rich Arab states prepared to increase investment in building capacity in science and technology, a leading American Arab scientist has said.
Iraq's 'Garden of Eden' reviving
Publish Date : 2/24/2005 9:34:00 AM
The Mesopotamian marshlands of southern Iraq, believed to be home to the "Garden of Eden", are showing renewed signs of life after serious damage dealt to them ....
Campaign funds from Indian American returned
Publish Date : 1/29/2005 12:45:00 PM
A US Congressman has announced he is returning some of the campaign money received from an Indian American supporter after reports that the source of the funds could not be authenticated.
Police becoming sensitive to non-Christian faiths
Publish Date : 1/29/2005 10:56:00 AM
Police here are becoming more sensitive to those who follow non-Christian faiths after a special training on the religious practices of different faiths.
Man arrested for US train collision
Publish Date : 1/28/2005 12:43:00 PM
A 25-year-old man has been arrested for causing Wednesday's commuter train collision that killed at least 10 people near downtown Los Angeles.
Alive after being declared dead!
Publish Date : 1/28/2005 12:32:00 PM
A North Carolina man declared dead after he was hit by a car was pronounced alive two hours later when a medical examiner spotted him breathing in a morgue, reports UPI.
Jindal introduces first bill on Hill
Publish Date : 1/28/2005 10:17:00 AM
US Congressman Bobby Jindal introduced his first bill early in the 109th Congress, keeping a promise he had made to his constituency and signalling that he is already building ....
Bush talks democracy, but doesn't act
Publish Date : 1/27/2005 10:25:00 AM
US President George W. Bush spoke forcefully from the Capitol steps of a global crusade, though he carefully avoided that incendiary word, to spread liberty around the world.
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