AMD 2002 Annual Report Download - page 6

Table of Contents
PART I
ITEM 1. BUSINESS
Cautionary Statement Regarding Forward-Looking Statements
The statements in this report include forward-looking statements. These forward-looking statements are based on current expectations and beliefs and
involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. These forward-looking statements should not be
relied upon as predictions of future events as we cannot assure you that the events or circumstance reflected in these statements will be achieved or will occur.
You can identify forward-looking statements by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,”
“approximately,” “intends,” “plans,” “pro forma,” “estimates,” or “anticipates” or the negative of these words and phrases or other variations of these words
and phrases or comparable terminology. The forward-looking statements relate to, among other things, operating results; anticipated cash flows; capital
expenditures; gross margins; adequacy of resources to fund operations and capital investments; our ability to achieve cost reductions in the amounts and in the
timeframes anticipated; our ability to transition new product introductions effectively; our ability to produce microprocessors in the volume required by
customers on a timely basis; our ability to maintain average selling prices of microprocessors despite aggressive marketing and pricing strategies of our
competitors; our ability to introduce in a timely manner and achieve market acceptance for our eighth-generation microprocessors and produce them in the
volumes required by the market at acceptable yields; our ability, and the ability of third parties, to provide timely infrastructure solutions, such as motherboards
and chipsets, to support our microprocessors; a recovery in the economy leading to increased demand for our products; a recovery in the communication and
networking industries leading to an increase in the demand for Flash memory products; the effect of foreign currency hedging transactions; the process
technology transitions in our submicron integrated circuit manufacturing facilities located in Dresden, Germany (Fab 30) and Austin, Texas (Fab 25); and the
financing and further construction of the Fujitsu AMD Semiconductor Limited (FASL) manufacturing facilities. For a discussion of the factors that could cause
actual results to differ materially from the forward-looking statements, see the “Financial Condition” and “Risk Factors” sections set forth in “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” beginning on page 15 below and such other risks and uncertainties as set forth
below in this report or detailed in our other Securities and Exchange Commission reports and filings.
General
We are a semiconductor manufacturer with manufacturing facilities in the United States, Europe and Asia and sales offices throughout the world. We
design, manufacture and market industry-standard digital integrated circuits, or ICs, that are used in many diverse product applications such as personal
computers, workstations, servers, communications equipment and automotive and consumer electronics. Our products consist of microprocessors, Flash memory
devices and personal connectivity solutions.
We were incorporated under the laws of Delaware on May 1, 1969. Our mailing address and executive offices are located at One AMD Place, Sunnyvale,
California 94086, and our telephone number is [phone]. Unless otherwise indicated, references in this report to “AMD,” “we” and “us” include our
subsidiaries. We make our filings with the SEC available on the Investor Relations page of our website, “www.amd.com,” free of charge.
For financial information about geographic areas and for segment information with respect to sales, operating results and identifiable assets, refer to the
information set forth in Note 9 of our consolidated financial statements on page 63 below.
For a discussion of the risk factors related to our business operations, please see the “Cautionary Statement Regarding Forward-Looking Statements”
above, and the “Risk Factors” and “Financial Condition” sections set
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Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003