Summary
Advanced Micro Devices, Inc. (AMD) filed a Form 8-K on July 10, 2001, to report a significant event. The company announced preliminary sales figures for its second quarter ended July 1, 2001. This announcement highlighted a notable decline in sales, which were approximately 17 percent lower than the first quarter's sales of $1.189 billion. This information is crucial for investors as it signals a potential slowdown in the company's revenue generation during the reported period. The filing includes the full text of the press release dated July 5, 2001, as Exhibit 99.1, which provides further details on this sales performance. Investors should carefully review this press release for a more comprehensive understanding of the factors contributing to this sales decrease and AMD's outlook. The report was signed by Robert J. Rivet, Senior Vice President and Chief Financial Officer, underscoring the financial significance of this disclosure.
Key Highlights
- 1AMD announced preliminary second quarter sales figures for the period ending July 1, 2001.
- 2Sales for the second quarter declined approximately 17% compared to the first quarter.
- 3First quarter sales were reported at $1.189 billion.
- 4The filing incorporates a press release dated July 5, 2001, as Exhibit 99.1.
- 5The press release provides further details on the second quarter sales performance.
- 6The report was filed on July 10, 2001, with an event date of July 5, 2001.
- 7Robert J. Rivet, SVP and CFO, signed the report, indicating the financial nature of the disclosure.