AMD 2000 Annual Report Download - page 426

REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
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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 31, 2000 and December 26, 1999, and the related
consolidated statements of operations, stockholders' equity and cash flows for
each of the three years in the period ended December 31, 2000. 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
in the period to obtain reasonable assurance about whether the accounting
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 31, 2000 and December 26, 1999, and the consolidated
results of its operations and its cash flows for each of the three years ended
December 31, 2000, in conformity with accounting principles generally accepted
in the United States.
San Jose, California
January 9, 2001
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001