AMD 1999 Annual Report Download - page 174

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REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
The Board of Directors and Stockholders
Advanced Micro Devices, Inc.
We have audited the accompanying consolidated balance sheets of Advanced Micro
Devices, Inc. as of December 26, 1999 and December 27, 1998, and the related
consolidated statements of operations, stockholders' equity and cash flows for
each of the three years in the period ended December 26, 1999. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with auditing standards generally
accepted in the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatements. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Advanced Micro
Devices, Inc. at December 26, 1999 and December 27, 1998, and the consolidated
results of its operations and its cash flows for each of the three years in the
period ended December 26, 1999, in conformity with accounting principles
generally accepted in the United States.
/s/ Ernst & Young LLP
San Jose, California
January 14, 2000
44
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 2000