AMD 2001 Annual Report Download - page 225
Download and view the complete annual report
Please find page 225 of the 2001 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.-
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
 |
 |
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
refinance any of our debt, including our Loan Agreement or the Debentures, on
commercially reasonable terms or at all.
We may incur substantial additional debt in the future. As of December 30, 2001,
we had the ability to borrow $150 million under the loan and security agreement,
and currently have the ability to borrow the full $200 million. If new debt is
added to our and our subsidiaries' current debt levels, the risk of our
inability to repay our debt, including the Debentures, could intensify.
The Price of Our Common Stock Continues to Be Highly Volatile. Based on the
trading history of our common stock, we believe that the following factors have
caused and are likely to continue to cause the market price of our common stock
to fluctuate substantially:
o quarterly fluctuations in our operating and financial results;
o announcements of new technologies, products and/or pricing by us or our
competitors;
o the pace of new process technology and product manufacturing ramps;
o fluctuations in the stock price and operating results of our competitors,
particularly Intel;
o changes in earnings estimates or buy/sell recommendations by financial
analysts;
o changes in the ratings of our debentures or other securities;
o production yields of key products; and
o general conditions in the semiconductor industry.
In addition, an actual or anticipated shortfall in revenue, gross margins or
earnings from securities analysts' expectations could have an immediate effect
on the trading price of our common stock. Technology company stocks in general
have experienced extreme price and volume fluctuations that are often unrelated
to the operating performance of the companies. Market volatility may adversely
affect the market price of our common stock, which could affect the price of our
debentures and limit our ability to raise capital or to make acquisitions.
24
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 2002