zavfx
19-01-2003, 17:15
Visto che nessuno ne parla sul sito, a differenza dei dati Intel pubblicati qualche giorno addietro, ecco il comunicato ufficiale AMD sui risultati del Q4 e del fiscal year 2002, in originale nella sua interezza al link
http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~65735,00.html
AMD Reports Fourth Quarter and Annual Results
- AMD increases sales by 35 percent and narrows operating loss from ongoing operations by approximately $100 million -
- Sees record unit consumption of AMD PC processors -
SUNNYVALE, CA -- January 16, 2003 --AMD (NYSE:AMD) today reported sales of $686,430,000 and a net loss of $854,740,000 for the quarter ended December 29, 2002. The net loss amounted to $2.49 per share. Excluding the effects of restructuring and other charges1 to show the company’s results from ongoing operations, the fourth quarter net loss was $235,145,000, or $0.68 per share.
Fourth quarter sales declined by 28 percent from the fourth quarter of 2001 and increased by 35 percent from the third quarter of 2002. In the fourth quarter of 2001, AMD reported sales of $951,873,000 and a net loss of $15,842,000, or $0.05 per share.
In the third quarter of 2002, AMD reported sales of $508,227,000 and a net loss of $254,171,000, or $0.74 per share.
For the full year ended December 29, 2002, sales declined by 31 percent from 2001. AMD reported sales of $2,697,029,000 and a net loss of $1,303,012,000, or $3.81 per share. AMD reported sales in 2001 of $3,891,754,000 and a net loss of $60,581,000, or $0.18 per share.
Excluding the effects of one-time charges1 in 2002 and 2001, the company recorded a net loss from ongoing operations of $683,417,000 or $2.00 per share in 2002, and net income of $28,924,000 or $0.09 per share in 2001. The fourth quarter 2002 operating loss, excluding one-time charges, was $217,370,000, down approximately $100 million or 31 percent, from the third quarter operating loss of $315,084,000. The fourth quarter 2001 operating loss was $18,059,000.
In the fourth quarter of 2002 the Company recorded one-time charges totaling $620 million, equivalent to $1.81 per share. These fourth quarter charges included:
Restructuring and other special charges of $331 million primarily relating to severance for staff reductions, the consolidation of facilities and asset impairments.
Other charges of $46 million primarily relating to a one-time research and development expense in connection with product development services received in the fourth quarter.
Income tax expense charge of $243 million to establish a 100% valuation allowance against net deferred tax assets.
“As projected, we saw increased PC processor and Flash memory sales in the fourth quarter,” said Robert J. Rivet, AMD’s chief financial officer. “We executed on our plan to align AMD PC processor inventory in the supply chain.
“We had record PC processor unit consumption (OEM billings, plus OEM net inventory change, plus net distributor resales) in the fourth quarter.
“We bolstered our capital structure by securing approximately $400 million in proceeds from a successful convertible offering, ending the year with more than $1 billion in cash.
“In addition, we renegotiated our long-term debt associated with our Dresden fabrication facility and, as a result, reduced our 2003 cash requirements by $200 million.”
BUSINESS OVERVIEW
PC processor sales of $420 million for the quarter increased by 60 percent from the $262 million reported in the third quarter of 2002. This increase was driven by an increase in both processor units and ASPs.
AMD’s fourth quarter PC processor sales reflect a richer mix of product offerings supported by new AMD Athlon™ XP 2400+, 2600+, 2700+ and 2800+ desktop products. AMD increased its penetration in the mobile market with record unit sales in the fourth quarter, and introduced the mobile AMD Athlon XP processor 2200+. In addition, AMD aligned PC processor inventory in the supply chain resulting in record unit consumption of AMD PC processors.
AMD expects to continue to improve its position in the market with the February introduction of the AMD Athlon XP desktop processors based on the "Barton" core and the April introduction of the AMD Opteron™ processors for servers and workstations. With the transition of all PC processor wafer production to 130nm technology complete, in 2003 the company will be focusing on qualifying 90nm technology. AMD plans to complete the qualification and start production of 90nm technology in the fourth quarter of this year.
AMD memory sales of $217 million were up 15 percent from the $189 million in the third quarter of 2002. Based on AMD’s increased penetration in the mobile phone market, AMD Flash memory sales grew and bit shipments were a record for the third quarter in a row. The company commenced production of 130nm Flash memory in Fab 25 in Austin and JV3 in Aizu-Wakamatsu, Japan.
http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~65735,00.html
AMD Reports Fourth Quarter and Annual Results
- AMD increases sales by 35 percent and narrows operating loss from ongoing operations by approximately $100 million -
- Sees record unit consumption of AMD PC processors -
SUNNYVALE, CA -- January 16, 2003 --AMD (NYSE:AMD) today reported sales of $686,430,000 and a net loss of $854,740,000 for the quarter ended December 29, 2002. The net loss amounted to $2.49 per share. Excluding the effects of restructuring and other charges1 to show the company’s results from ongoing operations, the fourth quarter net loss was $235,145,000, or $0.68 per share.
Fourth quarter sales declined by 28 percent from the fourth quarter of 2001 and increased by 35 percent from the third quarter of 2002. In the fourth quarter of 2001, AMD reported sales of $951,873,000 and a net loss of $15,842,000, or $0.05 per share.
In the third quarter of 2002, AMD reported sales of $508,227,000 and a net loss of $254,171,000, or $0.74 per share.
For the full year ended December 29, 2002, sales declined by 31 percent from 2001. AMD reported sales of $2,697,029,000 and a net loss of $1,303,012,000, or $3.81 per share. AMD reported sales in 2001 of $3,891,754,000 and a net loss of $60,581,000, or $0.18 per share.
Excluding the effects of one-time charges1 in 2002 and 2001, the company recorded a net loss from ongoing operations of $683,417,000 or $2.00 per share in 2002, and net income of $28,924,000 or $0.09 per share in 2001. The fourth quarter 2002 operating loss, excluding one-time charges, was $217,370,000, down approximately $100 million or 31 percent, from the third quarter operating loss of $315,084,000. The fourth quarter 2001 operating loss was $18,059,000.
In the fourth quarter of 2002 the Company recorded one-time charges totaling $620 million, equivalent to $1.81 per share. These fourth quarter charges included:
Restructuring and other special charges of $331 million primarily relating to severance for staff reductions, the consolidation of facilities and asset impairments.
Other charges of $46 million primarily relating to a one-time research and development expense in connection with product development services received in the fourth quarter.
Income tax expense charge of $243 million to establish a 100% valuation allowance against net deferred tax assets.
“As projected, we saw increased PC processor and Flash memory sales in the fourth quarter,” said Robert J. Rivet, AMD’s chief financial officer. “We executed on our plan to align AMD PC processor inventory in the supply chain.
“We had record PC processor unit consumption (OEM billings, plus OEM net inventory change, plus net distributor resales) in the fourth quarter.
“We bolstered our capital structure by securing approximately $400 million in proceeds from a successful convertible offering, ending the year with more than $1 billion in cash.
“In addition, we renegotiated our long-term debt associated with our Dresden fabrication facility and, as a result, reduced our 2003 cash requirements by $200 million.”
BUSINESS OVERVIEW
PC processor sales of $420 million for the quarter increased by 60 percent from the $262 million reported in the third quarter of 2002. This increase was driven by an increase in both processor units and ASPs.
AMD’s fourth quarter PC processor sales reflect a richer mix of product offerings supported by new AMD Athlon™ XP 2400+, 2600+, 2700+ and 2800+ desktop products. AMD increased its penetration in the mobile market with record unit sales in the fourth quarter, and introduced the mobile AMD Athlon XP processor 2200+. In addition, AMD aligned PC processor inventory in the supply chain resulting in record unit consumption of AMD PC processors.
AMD expects to continue to improve its position in the market with the February introduction of the AMD Athlon XP desktop processors based on the "Barton" core and the April introduction of the AMD Opteron™ processors for servers and workstations. With the transition of all PC processor wafer production to 130nm technology complete, in 2003 the company will be focusing on qualifying 90nm technology. AMD plans to complete the qualification and start production of 90nm technology in the fourth quarter of this year.
AMD memory sales of $217 million were up 15 percent from the $189 million in the third quarter of 2002. Based on AMD’s increased penetration in the mobile phone market, AMD Flash memory sales grew and bit shipments were a record for the third quarter in a row. The company commenced production of 130nm Flash memory in Fab 25 in Austin and JV3 in Aizu-Wakamatsu, Japan.