Advanced Micro Devices says shareholder suit is without merit.SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 6, 1995--Advanced Micro Devices (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. ) today announced that a securities class action has been filed by a shareholder against the company and certain officers and directors in U.S. District Court in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . The complaint asserts that AMD made false or misleading projections about the status of its AMD K-5 microprocessor development efforts during an alleged class period beginning April 11, 1995 and ending September 25, 1995. AMD stated that the complaint is without merit and intends to vigorously defend itself against the claims made in the complaint. Advanced Micro Devices, Inc., is the fourth-largest U.S. merchant 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. . Focusing on the personal and networked computing and communications markets, AMD produces microprocessors and related peripherals, memories, programmable logic devices See PLD. and circuits for telecommunications and networking applications. AMD has sales offices worldwide and manufacturing facilities in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. ; Austin, Texas; Bangkok, Thailand; Penang, Malaysia; Singapore; Aizu-Wakamatsu, Japan and Basingstoke, England. CONTACT: Advanced Micro Devices, Inc. Chuck Mulloy, 408/749-5481 |
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