AMD Updates Fourth Quarter Outlook

AMD Updates Fourth Quarter Outlook

SUNNYVALE, Calif. - AMD (NYSE:AMD) today announced revenue, excluding ATI-related segments, for the fourth quarter ended December 31, 2006 is expected to increase approximately three percent from the $1.33 billion reported in the third quarter of 2006. Fourth quarter operating income, excluding ATI-related segments and acquisition-related charges, is expected to be positive but substantially lower than in the third quarter. The fourth quarter gross margin and operating income were impacted by significantly lower microprocessor average selling prices, which largely offset a significant increase in unit sales.

AMD will report fourth quarter 2006 consolidated results after market close on January 23, 2007. AMD will hold a conference call on this day for the financial community at 2:00 p.m. PT to discuss fourth quarter results. A real-time audio broadcast of the teleconference will be provided at www.amd.com and www.streetevents.com. The webcast will be available for ten days after the conference call. READ MORE...