AMD 1993 Annual Report Download - page 365
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income by adopting SFAS No. 109 in 1993.
The company recorded net income before preferred stock dividends of $228.8
million in 1993, $245.0 million in 1992 and $145.3 million in 1991. After
preferred stock dividends of $10.4 million for each of the three years, the
primary net income per common share was $2.30 for 1993, $2.57 for 1992 and
$1.53 for 1991.
FACTORS THAT MAY AFFECT FUTURE RESULTS OF
OPERATIONS AND FINANCIAL CONDITION
The semiconductor industry is generally characterized by a highly competitive
and rapidly changing environment in which operating results are often subject
to the effects of new product introductions, manufacturing technology
innovations, rapid
15
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994