AMD 1997 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 1997 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 213

  • 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

The following table provides information about the Company's foreign
exchange forward contracts and purchased call options at December 28, 1997.
DECEMBER 28, 1997
-----------------------------------------
NOTIONAL AVERAGE ESTIMATED
AMOUNT CONTRACT RATE FAIR VALUE
------------- -------------- -----------
IN THOUSANDS, EXCEPT CONTRACT RATES
Foreign Currency Forward
Exchange Contracts:
Dutch Guilders................ $ 27,861 2.01 $ 238
Japanese Yen.................. 9,688 129.41 76
Italian Lira.................. 6,323 1739.00 2
French Francs................. 2,110 5.94 (1)
Deutsche Marks................ 1,695 1.77 --
Pound Sterling................ 823 1.65 (6)
------------- ---------
$ 48,500 $ 309
Purchased Call Options:
Deutsche Marks................ $ 150,000 1.45 369
The following table presents outstanding option contracts expiring in 1998
and 1999. The Company has no outstanding option contracts expiring later than
1999. All of the Company's foreign currency forward contracts mature within
the next twelve months.
NOTIONAL AMOUNT BY EXPECTED MATURITY
AVERAGE STRIKE PRICE (FOREIGN CURRENCY/USD)
(DOLLARS IN THOUSANDS) 1998 1999 TOTAL
- ---------------------- ------- ------- --------
Option Contracts to Purchase Foreign Currencies for
US$
Deutsche Marks
Notional Amount.................................... $75,000 $75,000 $150,000
Average Contract Rate.............................. 1.45 1.45
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The Company's consolidated financial statements required by this item are
set forth on pages F-2 through F-27.
33
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998