AMD 2009 Annual Report Download - page 9

PART I
ITEM 1. BUSINESS
Cautionary Statement Regarding Forward-Looking Statements
The statements in this report 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: demand for our products in 2010 and beyond; the timing of new product releases and technology
transitions; the growth and competitive landscape of the markets in which we participate; our revenues; capital
expenditures; our planned research and development spending; our product roadmap; our cost of sales and our
operating expenses; our interest expense; and availability of external financing. Material factors and
assumptions that were applied in making these forward-looking statements include, without limitation, the
following: (1) the expected rate of market growth and demand for our products and technologies (and the mix
thereof); (2) our expected market share; (3) our expected product costs and average selling price; (4) our overall
competitive position and the competitiveness of our current and future products; (5) our ability to introduce new
products, consistent with our current roadmap; (6) our ability to raise sufficient capital on favorable terms;
(7) our ability to make additional investment in research and development and that such opportunities will be
available; (8) our ability to realize the anticipated benefits of the GLOBALFOUNDRIES (GF) manufacturing
joint venture and of our asset smart strategy; (9) the expected demand for computers; and (10) the state of credit
markets and macroeconomic conditions. 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 may
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
substantial 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 GF manufacturing 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;
(10) that demand for computers will be lower than currently expected; and (11) the effect of political or
economic instability, domestically or internationally, on our sales or production.
For a discussion of the factors that could cause actual results to differ materially from the forward-looking
statements, see “Part I, Item 1A—Risk Factors” and the “Financial Condition” section set forth in “Part II,
Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations,” or MD&A,
beginning on page 42 below and such other risks and uncertainties as set forth below in this report or detailed in
our other Securities and Exchange Commission (SEC) reports and filings. We assume no obligation to update
forward-looking statements.
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