AMD 1995 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 1995 AMD annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 268

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268

this lawsuit will have a material adverse effect upon the financial condition or
results of operations of the Corporation.
3. Caroline Kozlowski, et al. v. Sanders, et al. (Case No. C95-04081-MMC,
N.D. Cal.). On November 15, 1995, two AMD shareholders filed a class action
complaint against AMD and several of its officers and directors. The complaint
mirrors the McDaid complaint (described in Item 3, Number 2, above) in all
material respects and likewise avers a single claim for relief pursuant to
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder. The alleged class consists of all purchasers of AMD
common stock during the period April 11, 1995, through September 22, 1995. The
plaintiffs allege that during this class period the defendants made or caused
AMD to make misleading statements with respect to the development of the
Corporation's AMD-K5 microprocessor. The complaint seeks class damages in an
unstated amount, equitable relief, plus interest, attorneys' fees, expert
witness fees and other litigation costs. AMD intends to contest the litigation
vigorously. Based upon information presently known to management, the
Corporation does not believe that the ultimate resolution of this lawsuit will
have a material adverse effect upon the financial condition or results of
operations of the Corporation.
4. SEC Investigation. The Securities and Exchange Commission (SEC) began
an informal investigation of the Corporation in 1993 regarding the Corporation's
disclosures about the development of its Am486SX microcode in a development
process and the extent to which it included access to Intel's 386 microcode.
These disclosures were the subject of securities class actions and a derivative
suit that were settled and dismissed with prejudice. The Corporation has been
cooperating fully with the SEC's requests for information. The investigation,
however, is not yet completed and no assurance can be given that the SEC will
not bring an action against the Corporation or any of its employees. There can
also be no assurance that any action taken by the SEC arising from its
investigation will not have a material adverse effect on the Corporation.
27
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996