AMD 2007 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 circumstances 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,”
“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: the timing of new product releases; volume shipments of products;
shipments of chipsets for Intel CPUs; the growth and competitive landscape of the markets in which we participate; our revenues; our capital expenditures; our
operating expenses; our depreciation and amortization expense; our acquisition-related charges; our income tax expense; our aggregate contractual
obligations; and availability of external financing. Material factors and assumptions that were applied in making these forward-looking statements include,
without limitation, the following: (1) the expected rate of market growth and demand for our products and technologies (and the mix thereof); (2) our expected
market share; (3) our expected product and manufacturing costs and average selling prices; (4) our overall competitive position and the competitiveness of our
current and future products; (5) our ability to introduce new products and effect transitions to more advanced manufacturing process technologies, consistent
with our current plans in terms of timing and capital expenditures; (6) our ability to raise sufficient capital on favorable terms; (7) our ability to make additional
investment in research and development and that such opportunities will be available; and (8) the expected demand for computers and consumer electronics
products. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: (1) that Intel
Corporation’s pricing, marketing and rebating programs, product bundling, standard setting, new product introductions or other activities may negatively
impact sales; (2) that our substantial indebtedness could adversely affect our financial position and prevent us from implementing our strategy or fulfilling our
contractual obligations; (3) that we will require additional funding and may be unable to raise sufficient capital, on favorable terms, or at all; (4) that we may be
unable to realize the anticipated benefits of our acquisition of ATI Technologies Inc. (ATI) because, among other things, the revenues, cost savings, growth
prospects and any other synergies expected from the transaction may not be fully realized or may take longer to realize than expected; (5) that we may be unable
to maintain the level of investment in research and development and capacity that is required to remain competitive; (6) that we may be unable to develop,
launch and ramp new products and technologies in the volumes that is required by the market at mature yields on a timely basis; (7) that we may be unable to
transition to advanced manufacturing process technologies in a timely and effective way, consistent with planned capital expenditures; (8) that there may be
unexpected variations in market growth and demand for our products and technologies in light of the product mix that we may have available at any particular
time or a decline in demand; (9) that demand for computers and consumer electronics products will be lower than currently expected; (10) that we may be
unable to obtain sufficient manufacturing capacity (either in our own facilities or at foundries) or components to meet demand for our products; (11) that we
may under-utilize our microprocessor manufacturing facilities; and (12) the effect of political or economic instability, domestically or internationally, on our
sales or production.
For a discussion of the factors that could cause actual results to differ materially from the forward-looking statements, see “Part I, Item 1A—Risk
Factors” and the “Financial Condition” section set forth in “Part II, Item 7—Management’s Discussion and Analysis of Financial Condition and Results of
Operations,” or MD&A, beginning on page 48 below and such other risks and uncertainties as set forth below in this report or detailed in our other Securities
and Exchange Commission (SEC) reports and filings. We assume no obligation to update forward-looking statements.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008