AMD 2009 Annual Report Download - page 4

Designing the world’s most vivid digital experiences
I am optimistic that we are well-positioned for future success. We have the right business model
and strategy, a strong management team, dedicated and talented employees and customers that are
enthusiastic about our products today and our technology vision for tomorrow.
I am also really excited about our capability to drive the next era in computing with our upcoming
AMD Fusion™ processor family. As we prepare for the first products launching in 2011, you will hear
more about the user benefits that we expect will be enabled by this technology which leverages the
capabilities of microprocessors and graphics processors on the same die. Today’s PC users are
increasingly gravitating to multi-media content, whether downloading videos or communicating over video
conferences with co-workers, family or friends in another part of the world. Consider these statistics:
more than 3 billion photos are uploaded to Facebook each month, 20 hours of video are uploaded to
YouTube every minute and there are now almost nine billion video files in high-definition format.
In response to this shift in usage, AMD is leveraging our graphics expertise to provide users with a
more vivid visual experience. We believe that incorporating the capabilities of the GPU in AMD Fusion
can unleash a whole new set of applications that can significantly change the user interface and
revolutionize how we communicate with, operate and perceive technology. Users will no longer wonder
if the PC is good enough, rather, the question will be, “how good can it get?” We look forward to
leading the industry through what we believe will truly be a landmark period in computing.
Looking ahead to 2010 and an improving economic environment, we believe that AMD has the
right business model to help accelerate our success as a design and marketing leader. In addition,
through our continued commitment to innovation, we believe that the first half of 2010 will bring about
more product introductions from AMD than any other six-month period in our company’s history.
With the same passion and commitment our founders showed when they created AMD, we enter
our fifth decade with a new and improved business model focused on semiconductor design,
leveraging our unique technology portfolio of x86 microprocessor and graphics technologies.
Thank you for your support as we’ve worked to transform the company and position it for long-
term growth and success.
Regards,
Dirk Meyer
President and CEO
March 2010
Cautionary Statement Regarding Forward-Looking Statements
The statements above include forward-looking statements. These forward-looking statements are based on current
expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from
expectations. These forward-looking statements should not be relied upon as predictions of future events as we cannot assure
you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify forward-looking
statements by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,”
“plans,” “pro forma,” “estimates,” or “anticipates” or the negative of these words and phrases or other variations of these words
and phrases or comparable terminology. The forward-looking statements relate to, among other things: the timing and features of
new product releases, including AMD Fusion; demand for our products in 2010 and beyond; the growth and competitive
landscape of the markets in which we participate; the state of the global economy; our manufacturing costs; and our business
model and strategy. Material factors that could cause actual results to differ materially from current expectations include, without
limitation, the following: (1) that Intel Corporation’s pricing, marketing and rebating programs, product bundling, standard setting,
new product introductions or other activities negatively impact our plans; (2) that we may be unable to develop, launch and ramp
new products and technologies in the volumes that are required by the market at mature yields on a timely basis; (3) that our
indebtedness could adversely affect our financial position and prevent us from implementing our strategy or fulfilling our
contractual obligations; (4) that we will require additional funding and may be unable to raise sufficient capital on favorable terms,
or at all; (5) that we may be unable to realize the anticipated benefits of our asset smart strategy or the GLOBALFOUNDRIES
joint venture because, among other things, the synergies expected from the transaction may not be fully realized or may take
longer to realize than expected; (6) that customers stop buying our products or materially reduce their operations or demand for
our products; (7) that we may be unable to maintain the level of investment in research and development that is required to
remain competitive; (8) that there may be unexpected variations in market growth and demand for our products and technologies
in light of the product mix that we may have available at any particular time or a decline in demand; (9) that macroeconomic
conditions and credit market conditions will be worse than currently expected; and (10) that demand for computers will be lower
than currently expected. Investors are urged to review in detail the risks and uncertainties in our Securities and Exchange
Commission filings, including but not limited to the Annual Report on Form 10-K for the fiscal year ended December 26, 2009.