Summary
Advanced Micro Devices, Inc. (AMD) filed an 8-K report on November 14, 2001, detailing an event from November 8, 2001. The company provided an update on its revenue expectations for the quarter ending December 30, 2001. AMD anticipates overall revenues to be flat to experiencing high single-digit percentage growth. This projected growth is expected to be driven by record sales of PC processors. Investors should note that this guidance is based on expectations at that time and reflects the company's performance trajectory entering the end of 2001. The full details of this announcement are available in the press release attached as Exhibit 99.1.
Key Highlights
- 1AMD expects overall revenues for the quarter ending December 30, 2001, to range from flat to high single-digit percentage growth.
- 2The company anticipates record sales of PC processors contributing to this revenue outlook.
- 3This information was disclosed via a press release dated November 8, 2001, and filed as part of an 8-K on November 14, 2001.
- 4The report indicates continued focus on the PC processor market as a key driver of performance.
- 5The guidance provides an outlook for the company's performance as of early November 2001.