June 19, 2002 – Sunnyvale, CA – AMD said that sales for its 2Q ending June 30 are anticipated to be within the $620 to $700 million range. At these depressed sales levels, the company anticipates a substantial operating loss for the quarter.
The company’s projection made in connection with the release of 1Q results was for 2Q sales to be within the $820 to $900 million range.
“As we have seen in previous statements from a number of other companies, there is broad weakness in the PC market and it is adversely affecting AMD,” said Robert Rivet, AMD’s CFO. “The processor business, particularly in Europe and North America, is weak. Our flash memory business is improving and expected to show sequential sales growth.”