AMD 1995 Annual Report Download - page 221

ground at Suzhou, China, for an assembly and test facility for high-volume,
cost-sensitive products, including flash memories.
While the successes we have achieved across virtually all of our product lines
are gratifying, they are currently overshadowed by the absence of our
competitive response to the Pentium in the PC marketplace. For many, AMD is
defined by its microprocessor business, which in turn drives our participation
in the PC market. Our opportunity is enormous. The stakes are high. Our
commitment is total and irrevocable. The planned introduction of the first of
our K86 SUPERSCALAR microprocessors in the second quarter of this year, with
higher-performance versions expected in the second half of the year in volume
production, should enable us to achieve acceptable overall growth and post
improved operating results.
1996 will be a challenging year for us. We plan to meet the challenge.
Thank you for your continuing support
/s/ W.J.Sanders III /s/ Richard Previte
W.J.Sanders III Richard Previte
Chairman and President and
Chief Executive Officer Chief Operating Officer
February 22, 1996
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The forward looking statements contained in the above letter are subject to
risks and uncertainties, including those discussed in the Company's Form 10-K
for the fiscal year ended December 31, 1995, as filed with the Securities and
Exchange Commission, that could cause actual results to differ materially from
those projected.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996