AMD 2009 Annual Report Download - page 46

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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 1, 2010, there
were 7,652 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 26, 2009
First quarter ................................................................ $ 3.78 $ 1.86
Second quarter .............................................................. $ 4.90 $ 3.04
Third quarter ............................................................... $ 6.30 $ 3.22
Fourth quarter .............................................................. $ 9.95 $ 4.33
High Low
Fiscal year ended December 27, 2008
First quarter ................................................................ $ 8.08 $ 5.31
Second quarter .............................................................. $ 7.98 $ 5.61
Third quarter ............................................................... $ 6.47 $ 4.05
Fourth quarter .............................................................. $ 6.00 $ 1.62
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 8.125% Notes dated November 30, 2009 with Wells Fargo Bank, N.A., as Trustee,
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.
The information under the caption “Equity Compensation Plan Information” in Part III, Item 12 of this
Annual Report on Form 10-K 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 2009, we did not repurchase any of our equity securities pursuant to this Board authorized
program.
In the fourth quarter of 2009, we repurchased $1.0 billion in aggregate principal amount of our outstanding
5.75% Notes for $993 million in cash.
38