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The AMD FAQ SECTION ONE (Frequently Asked Questions)

Last updated: 4/22/2002 by Sharps97; Original content by graffixboy.

This version of the AMD Discussion Board FAQ is a fairly major rewrite of the original, so there is a ton of new information to look through, whether you are a new Fool or an old Fool. Feedback is welcome, and we will try to update the FAQ as needed.

It is important to remember that the information presented in this FAQ may not be 100% accurate, and is not a substitute for due diligence. AMD is an extremely volatile stock, which makes it difficult to predict price movements to the upside or downside. With that said, on to the meat and bones of the situation.

Please note for brevity and clarity, some general information to the Fool at large has been eliminated- the FAQ is just going to concentrate on the AMD Discussion Board.

TABLE OF CONTENTS FOR SECTION ONE

I. General Company Information
* What does AMD stand for?
* What does AMD do?
* Corporate Directory
* Board of Directors
* Executive Profile
* What is AMD's history?
* What is AMD's infrastructure?

II. The Stock/Finances
* Where can I look at current AMD financial sheets?
* Where can I look at past AMD filings?
* Can you point me to some good charts and other data about past performance?
* AMD Loves to Issue Bonds
* Why are the shares so low?
* Who owns AMD stock?


====================================================================

I. General Company Information

====================================================================

AMD
Advanced Micro Devices Incorporated (NYSE:AMD)
http://www.amd.com/
One AMD Place; Sunnyvale, CA 94086 USA
Phone: (408) 732-2400
Fax: (408) 982-6164
Email (Investor Relations): <toni.beckham@amd.com>

What does AMD stand for?
AMD stands for Advanced Micro Devices.

What does AMD do?
"AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor's 500 company, produces microprocessors, flash memory devices, and support circuitry for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $3.9 billion in 2001. (NYSE: AMD)."
http://www.amd.com/us-en/Corporate/AboutAMD/0,,51_52,00.html

Corporate Directory

Board of Directors - (Summaries snipped for brevity, link provided at the end for detail)

W. J. Sanders III- Mr. Sanders is Chairman of the Board and Chief Executive Officer of AMD.

Hector de J. Ruiz, Ph.D. - Dr. Ruiz is President and Chief Operating Officer of AMD.

Dr. Friedrich Baur- Dr. Baur is President and Managing Partner of MST Beteiligungs und Unternehmensberatungs GmbH, a German consulting firm. He has held this position since 1990.

Charles M. Blalack- Mr. Blalack is Chairman of the Board and Chief Executive Officer of Blalack and Company, a registered investment advisor, and has been since 1969.

Dr. R. Gene Brown- Dr. Brown is a private investor and financial and management consultant.

Robert B. Palmer- Mr. Palmer is on the Board of Directors of the Cooper Institute for Aerobic Research, a non-profit preventative medicine research and education organization.

Joe L. Roby- Mr. Roby is the Chairman of the Executive Board of Credit Suisse First Boston (CSFB).

Dr. Leonard M. Silverman- Dr. Silverman was Dean of the School of Engineering of the University of Southern California from 1984 through June 2001.
http://www.amd.com/us-en/Corporate/InvestorRelations/0,,51_306_571,00.html

Executive Profile - (Summaries snipped for brevity, link provided at the end for detail)

W.J. Sanders III
Chairman of the Board and Chief Executive Officer
Advanced Micro Devices, Inc.

Hector de J. Ruiz, Ph.D.
President and Chief Operating Officer

Benjamin M. Anixter
Vice President of External Affairs

Rob Herb
Executive Vice President and Chief Sales and Marketing Officer

Robert J. Rivet Senior
Vice President and Chief Financial Officer

Dr. Bertrand Cambou
Group Vice President of the Memory Group

Tom Eby
Group Vice President of the Strategy and Business Development Group

Gary Heerssen
Group Vice President of the Wafer Fabrication Group at AMD

Dirk Meyer
Group Vice President of the Computation Products Group

Henri Richard
Group Vice President of Worldwide Sales

Billy Edwards
Vice President and General Manager of the Personal Connectivity Solutions Group

J. Ed Ellett
Vice President of Desktop, Mobile, Server and Workstation Marketing for the Computation Products Group

Rich Heye
Vice President of Platform Engineering & Infrastructure for the Computation Products Group

William Michael (Mike) Johnson
Vice President of AMD's Connectivity Solutions Division and an AMD senior fellow

Jill Lindstedt
Vice President of Communications at AMD

Patrick Moorhead
Vice President of Desktop and Mobile Strategic Marketing for the Computation Products
Group Vice President of Customer Advocacy

Kevin Plouse
Vice President of Technical Marketing and Business Development for the Memory Group

David Somo
Vice President of Sales and Marketing for North America and Latin America

Fred Weber
Vice President of Engineering for the Computation Products Group

Miguel Daud
Director of Sales and Marketing for Latin America

Kevin Knox
Director of Enterprise Segment Marketing and Business Development for North America

Gabriele Sartori
Director of Technology Evangelization for the Computation Products Group (CPG)

Tim Wright
Director of Consumer Segment Marketing, Director of Embedded Processor Division Marketing, and Director of Technical Marketing for the Computation Products Group

Wayne Meretsky
AMD Fellow and manages the Software Research and Development organization within AMD's Computation Products Group

Mark Bode
Division Marketing Manager, AMD Athlon™ processors

Martin Booth
Product Marketing Manager, CPG Marketing, responsible for Mobile processors

John Crank
Athlon Brand Manager

Mark de Frere
AMD Athlon™ Brand Manager

Aaron Feen
Division Marketing Manager

Linda Kohout
Brand Manager for the AMD Duron™ Processor

Richard Sah
Product Marketing Manager of Enterprise Products for the Computation Products Group
http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_570,00.html

What is AMD's history?
http://www.amd.com/us-en/Corporate/AboutAMD/0,,51_52_533,00.html

What is AMD's infrastructure?
http://www.amd.com/locations/mfg.html

"AMD employs nearly 14,000 people worldwide in manufacturing facilities in the United States, Europe, Japan and Asia, as well as sales offices in major cities around the globe. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of approximately $4.6 billion in 2000. A truly global company, AMD derives more than half of its revenues from international markets. Shares of the company trade on the New York Stock Exchange under the symbol AMD."
http://www.amd.com/us-en/Corporate/AboutAMD/0,,51_52_502,00.html

AMD is part of a joint venture with Fujitsu Limited, known as FASL, which is involved in the making of Flash memory products. Historically, Flash has been a significant contributor to AMD's bottom-line; however the Flash market has been under significant pressure recently.

April 2002 addendum:
AMD has established a joint venture with UMC for the creation of their newest fabrication facility, termed Fab 35. More information about the alliance can be found via the following link:
http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~14099,00.html


====================================================================

II. Stock and Finances

====================================================================


Where can I look at current AMD financial sheets?
AMD's Investor Relations page is located:
http://www.amd.com/us-en/Corporate/InvestorRelations/0,,51_306,00.html

The website has undergone a major redesign since this FAQ was original posted, and there is a large amount of information readily available from Press Releases to Annual Reports in PDF format.

Where can I look at past AMD SEC filings?
http://www.edgar-online.com/brand/amd/search/

Can you point me to some good charts and other data about past performance?
http://quote.fool.com/Chart/chart.asp?symbols=AMD&currticker=AMD
http://quote.fool.com/uberdata.asp?symbols=AMD
http://quote.yahoo.com/q?s=AMD&d=5y
http://www.amd.com/about/operations.html
http://www.bigcharts.com/quickchart/quickchart.asp?symb=amd&sid=0&o_symb=amd.html

AMD Loves to Issue Bonds
You may have noticed that AMD issues hundreds of millions of dollars worth of bonds from time to time, even after they have just finished paying off (some times early) the most recent round. AMD is in a very Capital Expenditure heavy industry, and being very small relative to the nearest competition, AMD must take on some debt to pay for more expensive obligations.

Since AMD does not need the money to finance day-to-day activities, it is not a major short-term concern. AMD is actively pursuing joint ventures to reduce the costs and risks associated with building new fabrication facilities, many of which cost several billions of dollars. The upside is that in a cyclical market upturn, a new fabrication facility will allow AMD to pay off all the debt used to create the facility, which gives them a net stronger financial position several years down the line (what AMD did for Dresden which resulted in the Athlon).

Be WARNED that the final results of such activities are hard to predict due to the nature of the industry, and while AMD 'gets by' this way, it is far from ideal, and adds a lot of risk that needs to be accounted for in this stock.

Why are the shares so low? ;)
AMD is an extremely volatile stock with a history of over promising, and in some cases, failing to deliver on those promises. AMD's history with their K5 and K6 microprocessors left a bad taste in the mouths of analysts and OEM customers in the industry. While the Athlon product has rectified some of this perception, AMD still faces an uphill battle to prove that it can produce consistent results.

Who owns AMD stock?
Over half of AMD's publicly traded stocks are held by various institutions such as banks and funds. The remaining shares are held by private investors.
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