AMD 2007 Annual Report Download - page 49

Table of Contents
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Our common stock (symbol “AMD”) is listed on the New York Stock Exchange. On February 11, 2008, there were 7,873 registered holders of our
common stock. The following table sets forth on a per share basis the high and low intra-day sales prices on the New York Stock Exchange for our common
stock for the periods indicated:
High Low
Fiscal year ended December 29, 2007
First quarter $ 20.63 $ 12.96
Second quarter 15.95 12.60
Third quarter 16.19 11.27
Fourth quarter 14.73 7.30
High Low
Fiscal year ended December 31, 2006
First quarter $ 42.70 $ 30.16
Second quarter 36.08 23.46
Third quarter 27.90 16.90
Fourth quarter 25.69 19.90
We have never paid any cash dividends on our common stock and have no present plans to do so. Under the terms of our Indenture for the 7.75% Notes
dated October 29, 2004 with Wells Fargo Bank, N.A., as Trustee, we are limited in our ability to pay cash dividends unless we obtain the written consent of the
bondholders. Specifically, we are prohibited from paying cash dividends if the aggregate amount of dividends and other restricted payments made by us since
entering into the indenture would exceed the sum of specified financial measures including fifty percent of consolidated net income as that term is defined in the
indenture. In addition, our German subsidiaries, AMD Fab 36 LLC & Co. KG, AMD Fab 36 Holding GmbH and AMD Fab 36 Admin GmbH, are restricted by
the terms of the Fab 36 Loan Agreement from paying cash dividends to us or providing loans or advances to us in certain circumstances without the prior written
consent of the lenders.
The information under the caption, “Equity Compensation Plan Information,” in our 2008 Proxy Statement is incorporated herein by reference.
We have an ongoing authorization from the Board of Directors to repurchase up to $300 million worth of our common stock over a period of time to be
determined by management. These repurchases may be made in the open market or in privately negotiated transactions from time to time in compliance with
applicable rules and regulations, subject to market conditions, applicable legal requirements and other factors. We are not required to repurchase any particular
amount of our common stock and the program may be suspended at any time at our discretion. During 2007, we did not repurchase any of our equity securities
pursuant to this Board authorized program.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008