AMD Expects Second Quarter Sales Decline.SUNNYVALE, Calif.--(BUSINESS WIRE)--June 20, 1996--AMD announced today that it expects to report a second quarter loss on revenues below Wall Street expectations and lower than the immediate-prior quarter. The company said it expects total sales will decline by more than 15 percent from its first quarter. More than half of this revenue decrease is attributable to a decline in sales of flash memory products in the face of soft demand and sharply lower prices. AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. is a global supplier of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for the personal and networked computer and communications markets. A Fortune 500 company, AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in 1969, AMD is based in Sunnyvale, California, and has sales and manufacturing facilities worldwide. The company had revenues of $2.5 billion in 1995 (NYSE NYSE See: New York Stock Exchange : AMD). -0- WORLD WIDE WEB: Press announcements and other information about AMD are available on the Internet via the World Wide Web. Type http://www.amd.com at the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. prompt. -0- Note to Editors: AMD, the AMD logo and combinations thereof are trademarks of Advanced Micro Devices, Inc. CONTACT: Advanced Micro Devices Tom Stites, 408/749-2918 (Product PR) Toni Beckham, 408/749-3127 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) |
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